Future Lifestyle Fashions has received approval from its shareholders to raise Rs 300 crore by issuing equity shares to Apollo India Private Equity IV (Mauritius) on a preferential basis. The company will issue 64.79 lakh equity shares of face value of Rs 2 each at an issue price of Rs 463 per Equity Share (including premium of Rs 461 per Equity Share) on preferential basis to Apollo India. Besides, the company also got approval to increase in limits for making investments, giving loans and guarantees or providing security.
Future Lifestyle Fashions is an integrated lifestyle brands and fashion retail company. The company operates a portfolio of brands that are well diversified across key growth categories like women’s wear, fast fashion and casual wear.
