Future Consumer (FCL) has joined hands with CDC Group plc, UK’s Development Finance Institution (CDC) to raise Rs 200 crore through Non- Convertible Debentures (NCDs) primarily to finance capex, long-term working capital and support the growth of the business.
Through this facility, FCL raises funds with a long tenure of seven years. Further this facility has lower cash coupon rates in the first two years coupled with repayments starting only after three years. The back-ended nature of the facility shall also augment the cash flows of the company in the initial years of the facility.
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.
