Future Supply Chain Solutions has raised Rs 199 crore on private placement basis. The Committee of Directors of the company at its meeting held on September 26, 2018 has approved and allotted 19,900 Secured, Rated, Redeemable and Non-Convertible Debentures of Rs 1,00,000 each (NCDs) aggregating to Rs 199,00,00,000. The NCDs have been rated ‘AA-’ (Double A minus; stable outlook) by CARE Ratings.
Future Supply Chain Solutions is one of the largest third-party logistics service provider in India. Their services include automated and IT-enabled warehousing, distribution and other logistics solutions.