Future Retail has raised nearly Rs 2,000 crore through issue of warrants to its promoter group entity on a preferential basis.
The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of Rs 505 per warrant, each convertible into or exchangeable for one equity share of face value of Rs 2 each to Future Coupons, a promoter group entity, on preferential basis. The allotment has been made post receipt of the approval of Competition Commission of India (CCI).
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.
