Future Consumer advances on raising Rs 50 crore on private placement basis

Future Consumer Ltd. | Trading | Miscellaneous | BSE: 533400 | NSE: FCONSUMER

06 Sep 2017 Evaluate

Future Consumer is currently trading at Rs. 52.45, up by 2.40 points or 4.80% from its previous closing of Rs. 50.05 on the BSE.

The scrip opened at Rs. 50.00 and has touched a high and low of Rs. 52.50 and Rs. 49.55 respectively. So far 11,45,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 6 has touched a 52 week high of Rs. 52.70 on 06-Sep-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. 52.65 and Rs. 48.65 respectively. The current market cap of the company is Rs. 8,882.00 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 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.