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Future Market Networks acquires 50% stake of FRDL

19 Sep 2018 Evaluate

Future Market Networks has completed the acquisition of 50% equity share capital of Future Retail Destination (FRDL) (viz. 1,50,00,000 equity shares of Rs 10 each) held by IL&FS Township and Urban Assets (ITUAL) in terms of the Share Purchase Agreement entered into between the parties on May 31, 2017 and total consideration towards the acquisition was Rs 14 crore.

Consequent to the completion of aforesaid acquisition, FRDL became a Wholly Owned Subsidiary of the company. FRDL is a special purpose vehicle company to set up an integrated large scale warehouse facility at Jhajjar, Haryana.

Future Market Networks, formerly Agre Developers, is engaged in the business of providing retail infrastructure and infra logistics.

Future MarketNetwork Share Price

9.16 0.14 (1.55%)
17-Apr-2026 16:59 View Price Chart
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