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CCI approves acquisition of 7.30% stake in Future Retail by FCL

22 Apr 2019 Evaluate

The Competition Commission of India (CCI) has given its approval for acquisition of 7.30% equity stake in Future Retail by Future Coupons (FCL) through conversion of equity warrants. According to a notice filed with CCI, the proposed combination relates to the allotment of 3.96 crore equity warrants of Future Retail to FCL, priced at Rs 505 apiece aggregating to over Rs 2,000 crore.

Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.

Future Retail Share Price

2.41 0.00 (0.00%)
01-Aug-2024 16:01 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 4597.50
Trent 4242.85
Vishal Mega Mart 118.55
Aditya Birla Lifesty 104.68
PN Gadgil Jewellers 668.00
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