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.