Future Market Networks will acquire land parcels situated at Khumari, Kalmeshwar, Nagpur to set up a warehouse of 1 million square feet facility. The Company shall set up and manage the warehouse facility through a 100% subsidiary as a Special Purpose Vehicle (SPV) Company. For this purpose the Company acquired Gati Realtors which is currently have a share capital of Rs 1 lakh. The Company shall infuse an amount up to Rs 11 crore by way of equity capital in the SPV initially.
Future Market Networks, formerly Agre Developers, is engaged in the business of providing retail infrastructure and infra logistics.
