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Future Market Networks shines on plan of acquiring land parcels situated at Nagpur

16 Aug 2017 Evaluate

Future Market Networks is currently trading at Rs. 70.70, up by 1.40 points or 2.02% from its previous closing of Rs. 69.30 on the BSE.

The scrip opened at Rs. 69.90 and has touched a high and low of Rs. 70.70 and Rs. 69.25 respectively. So far 404 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.95 on 15-Mar-2017 and a 52 week low of Rs. 26.50 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 75.00 and Rs. 63.65 respectively. The current market cap of the company is Rs. 397.98 crore.

The promoters holding in the company stood at 72.83%, while institutions and non-institutions held 0.56% and 26.61% respectively.

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.

Future MarketNetwork Share Price

9.16 0.14 (1.55%)
17-Apr-2026 16:59 View Price Chart
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