Future Enterprises has raised Rs 150 crore on private placement basis. The Committee of Directors of the company at their meeting held on December 20, 2017, considered, approved and allotted 600, 9.25% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each (NCD Series XIX - A) aggregating to Rs 60 crore and 900, 9.25% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each, (NCD Series XIX - B) aggregating to Rs 90 crore.
The said NCDs shall be listed on Wholesale Debt Market Segment of BSE. These NCDs have been rated ‘AA-’ with stable outlook by CARE Ratings.
Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.
