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.
