Future Ventures India (FVIL) has made an additional investment in Indus-League Clothing (ILCL) by subscribing 20,00,000 Unsecured 0% Optionally Convertible Debentures of ILCL.
ILCL is a subsidiary of FVIL, in which FVIL holds 95.29% of the paid-up equity share capital. ILCL is engaged in the business of branded apparels and accessories using its brands Indigo Nation, Scullers, Jealous, Urbana, Urban Yoga, Daniel Hechter, Lee Cooper and John Miller. ILCL has recently entered into licensing arrangement for use of the brand 'Manchester United'.
ILCL has a joint venture into Celio Future Fashion and also holds 26% into Turtle, which are focused on Men's apparels using respective brands 'Celio' and 'Turtle'.
Future Ventures currently has 13 companies in its portfolio, which own brands in fashion, FMCG, food processing and home products. The company invests in businesses which are strategically important to the group's retail business. It plans to use a large part of the funds for acquiring new businesses while a small part of the proceeds will be used to grow the existing businesses.
| Company Name | CMP |
|---|---|
| Redington | 226.00 |
| Adani Enterprises | 2257.00 |
| Amrapali Industries | 17.30 |
| Rashi Peripheral | 476.95 |
| PDS | 290.80 |
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