Future Enterprises has received its board’s approval to raise funds by issue of Secured Redeemable Non-Convertible Debentures (NCDs) for a value up to Rs 1,500 crore in one or more tranches within a period of one year, to replace few of its high cost current or near term maturity debts as well as to meet further funds requirements. The meeting of the Board of Directors of the company held on May 25, 2018, approved the same.
Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.
