MoneyWorks4Me

Future Enterprises raises Rs 50 crore on private placement basis

13 Mar 2018 Evaluate

Future Enterprises has raised Rs 50 crore on private placement basis. The Committee of Directors of the company at their meeting held on March 12, 2018, has considered, approved & allotted 60, 9.40% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each (NCD Series XX - A), 190, 9.50% Secured Redeemable NCDs of Rs 10 lakh each (NCD Series XX - B) and 250, 9.50% Secured Redeemable NCDs Rs 10 lakh each (NCD Series XX - C) aggregating to Rs 50 crore, on private placement basis. The said NCDs shall be listed on Wholesale Debt Market Segment of BSE.

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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