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Future Consumer inches up on getting nod to form equal JV with Bin Ablan Foods Industry

16 Aug 2017 Evaluate

Future Consumer is currently trading at Rs. 41.30, up by 0.05 points or 0.12% from its previous closing of Rs. 41.25 on the BSE.

The scrip opened at Rs. 41.80 and has touched a high and low of Rs. 42.30 and Rs. 40.45 respectively. So far 174002 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 6 has touched a 52 week high of Rs. 45.85 on 20-Jul-2017 and a 52 week low of Rs. 18.10 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 42.30 and Rs. 36.85 respectively. The current market cap of the company is Rs. 6987.83 crore.

The promoters holding in the company stood at 47.87%, while Institutions and Non-Institutions held 19.76% and 32.36% respectively.

Future Consumer has received an approval to enter into a 50:50 joint venture (JV) arrangement with Bin Ablan Foods Industry, a UAE based manufacturer of packaged premium bakery products, for undertaking the business of manufacturing cupcakes, pound cakes, muffins and other bakery products in India and for that purpose to make investment in the joint venture company, subject to such further consents and approvals that may be required. The board of directors at its meeting held on August 14, 2017 has approved for the same.

The board also approved to enter into a 50:50 joint venture arrangement with E. K. Sons Agro Foods, one of the leading manufacturer and distributor of wheat and other specialty foods in India and abroad under their flagship brand ‘Dilkush’ for undertaking the business of manufacturing, marketing, sales, sourcing and distribution of Wheat products, Maida, Sooji, Whole Wheat Atta and Bran and for that purpose to make investment in the joint venture company, subject to such further consents and approvals that may be required.

Future Consumer (formerly Future Consumer Enterprise) is a holding company. It is a food company, which is engaged in branding, marketing, sourcing, manufacturing and distribution of fast moving consumer goods, food and processed food products. It also has agri-sourcing operations in India.

Future Consumer Share Price

0.35 0.00 (0.00%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 220.20
Adani Enterprises 2470.20
Amrapali Industries 19.80
Rashi Peripheral 512.60
PDS 289.85
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