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Future Ventures India shines on acquiring 4.30% stake in ILCL

22 Aug 2011 Evaluate

Future Ventures India is currently trading at Rs 8.94, up by 0.11 points or 1.25% from its previous closing of Rs 8.83 on the BSE.

The scrip opened at Rs 8.86 and has touched a high and low of Rs 8.95 and Rs 8.73 respectively. So far 1,66,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 10.05 on 25-Jul-2011 and a 52 week low of Rs 7.85 on 24-May-2011.

Last one week high and low of the scrip stood at Rs 9.24 and Rs 8.49 respectively. The current market cap of the company is Rs 1409.00 crore.

The promoters holding in the company stood at 33.13% while Institutions and Non-Institutions held 2.53% and 64.34% respectively. 

Future Ventures India (FVIL) has acquired 12,63,600 equity shares of Indus-League Clothing (ILCL), a subsidiary company, aggregating to 4.30% of the paid-up share capital from two of its existing share holders. With this acquisition, FVIL shall now hold an aggregate of 95.14% of the paid-up share capital of ILCL.

ILCL owns some of the leading apparel brands like Indigo Nation, Scullers, Jealous, Urbana, Urban Yoga and exclusive license of ‘Lee Cooper’ apparels and ‘Manchester United’ merchandise.

ILCL has no relation with the promoters and/or promoter group companies of FVIL, except for business transactions that it may undertake in the normal course of business.

Future Ventures currently has 13 companies in its portfolio which own brands in fashion, FMCG, food processing and home products. The company invests in businesses which are strategically important to the group's retail business. It plans to use a large part of the funds for acquiring new businesses while a small part of the proceeds will be used to grow the existing businesses.

Future Consumer Share Price

0.33 0.00 (0.00%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 228.90
Adani Enterprises 2233.30
Amrapali Industries 17.85
Rashi Peripheral 474.75
PDS 298.40
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