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Future Retail moves up on raising $500 million from international bond markets

16 Jan 2020 Evaluate

Future Retail is currently trading at Rs. 347.40, up by 2.15 points or 0.62 % from its previous closing of Rs. 345.25 on the BSE.

The scrip opened at Rs. 347.90 and has touched a high and low of Rs. 349.80 and Rs. 342.00 respectively. So far 8497 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 489.25 on 28-Jun-2019 and a 52 week low of Rs. 323.55 on 19-Nov-2019.

Last one week high and low of the scrip stood at Rs. 356.95 and Rs. 342.00 respectively. The current market cap of the company is Rs. 18218.98 crore.

The promoters holding in the company stood at 47.02%, while Institutions and Non-Institutions held 26.75% and 26.24% respectively.

Future Retail (FRL) has successfully priced a $500 million Fixed Rate Senior Secured 144A/Reg S Bond for a 5-year (non-call 3-year) tenor at 5.60%. Interest payment dates are January 22 and July 22 of each year, commencing on July 22, 2020. FRL's debut bond transaction also marks the first international bond deal from the retail & consumer sector space in India.

The Company intends to use all of the proceeds to meet the capital expenditure for the acquisition of certain in -store retail infrastructure assets from Future Enterprises. The Notes will be listed on the Singapore Exchange Securities Trading (SGX- ST).

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
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