MoneyWorks4Me

Future Enterprises raises Rs 150 crore on private placement basis

20 Dec 2017 Evaluate

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.



Peers
Company Name CMP
Avenue Supermarts 3810.00
Trent 2562.00
Vishal Mega Mart 100.25
PN Gadgil Jewellers 589.95
Aditya Birla Life 75.71
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