In continuation to its letter dated September 11, 2020, Heritage Foods has informed that the Company has disposed off its entire holdings/investment of 1,78,47,420 equity shares held in Future Retail. These shares were sold through Stock Exchange in Open Market in various tranches and the net amount of Rs 131.94 Crores was received by the company. The above said proceeds shall be mainly utilised for the repayment of Term loans of the company. This Disclosure is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) as amended from time to time (including any statutory modification and enactment thereon).
The above information is a part of company’s filings submitted to BSE.
