MoneyWorks4Me

Future Enterprises acquires further stake of subsidiary

27 Mar 2018 Evaluate

Future Enterprises has acquired further shares of its subsidiary, Future E-Commerce Infrastructure (FECIL), from other shareholder and further upon conversion of Compulsorily Convertible Preference shares of FECIL held by the company, has resulted in increase of its total Equity holding from 70.43% to 86.71% of the equity share capital of FECIL.

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 3809.70
Trent 2597.40
Vishal Mega Mart 99.60
PN Gadgil Jewellers 581.90
Aditya Birla Life 74.43
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