Future Consumer has raised Rs 50 crore by way of private placement. The board of directors at its meeting held on September 5, 2017 has issued and allotted 5,000 Secured, Rated, Listed, Redeemable, Taxable Non-Convertible Debentures (NCDs) in the form of Separately Transferable Redeemable Principal Parts (STRPPs) of face value of Rs 1,00,000 each for cash at par aggregating to Rs 50 crore. The said NCDs will be listed on the Wholesale Debt Market segment of BSE.
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.
