Future Lifestyle gets nod to raise Rs 610 crore from promoters, IFC

20 Feb 2020 Evaluate

Future Lifestyle Fashions has received its board’s approval to raise more than Rs 610 crore from its promoter and IFC. Of total, the company will raise Rs 400 crore through issue of non-convertible debentures (NCDs) or other securities on private placement basis and will raise Rs 213 crore on preferential basis from International Finance Corporation (IFC), a member of the World Bank group. The raised fund will be used for enhancing stake in subsidiaries and debt reduction.

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.

Future Lifestyle Share Price

1.97 0.06 (3.14%)
25-Apr-2024 16:01 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 4651.65
Aditya Birla Fashion 265.00
Trent 4309.40
Future Retail 2.50
Electronics Mart Ind 201.65
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