Future Consumer has executed definitive agreements to sell its stake in Amar Chitra Katha (ACK) to India Special Situations Scheme I (a scheme of India Special Situations Trust an alternative investment fund) (Purchaser), together with other institutional shareholders of ACK also selling their respective holdings in ACK to the said Purchaser on September 29, 2018.
Upon completion of the aforesaid transaction in accordance to the terms and conditions under the said agreements, the company shall receive an aggregate consideration of Rs 44.39 crore and consequently ACK shall cease to be subsidiary of the company.
Further, the Company has also agreed to subscribe to 4977 compulsorily convertible debentures of ACK amounting to Rs 49.77 crore in lieu and being equivalent to the value of outstanding loans granted by the company to ACK (including interest accrued thereon). The CCDs shall be convertible at the expiry of three years at the then prevailing fair value of ACK.
Future Consumer (formerly Future Consumer Enterprise) is a holding company. It is a food company, which is engaged in branding, marketing, sourcing, manufacturing and distribution of fast moving consumer goods, food and processed food products. It also has agri-sourcing operations in India.
| Company Name | CMP |
|---|---|
| Redington | 276.10 |
| Amrapali Industries | 32.28 |
| Adani Enterprises | 3036.10 |
| Rashi Peripheral | 772.40 |
| PDS | 364.15 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: