Future Enterprises surges on acquiring 54.22% stake in Livquik Technology

21 Dec 2018

Future Enterprises is currently trading at Rs. 41.50, up by 0.75 points or 1.84% from its previous closing of Rs. 40.75 on the BSE.

The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 42.00 and Rs. 41.50 respectively. So far 27207 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 51.00 on 11-Sep-2018 and a 52 week low of Rs. 30.45 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 42.40 and Rs. 40.20 respectively. The current market cap of the company is Rs. 1885.00 crore.

The promoters holding in the company stood at 50.20%, while Institutions and Non-Institutions held 4.38% and 45.42% respectively.

Future Enterprises has acquired 7,11,74,377 partly paid shares which comprise of 54.22% of the nominal share capital of Livquik Technology (India) on a fully diluted basis. Once calls on the acquired shares are made and payment of such calls are completed by the Company, Livquik will become a subsidiary of the company.

Livquik is engaged in business of issuance of digital prepaid payment instrument, provision of payment gateway services and development of specialised system software and application software.

Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.

Related Future Enterprises Ltd. Links:

Future Enterprises Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323