Future Enterprises has informed that meeting of Board of Directors of the Company was held on 12th February, 2018 and the Board has approved, Mainly to replace few of its current or near term maturity debts as well as some more high cost debts with fresh mobilisation of funds. Authority for issue of Secured Redeemable Non-Convertible Debentures (NCDs) for a value up to Rs 1500 Crore in one or more tranches within a period of one year, subject to approval by the members, And Undertaking the process of postal ballot for seeking approval of the Shareholders
The above information is a part of company’s filings submitted to BSE.
