Future Ventures India’s subsidiary - Indus Tree Crafts (Indus Tree), has issued and allotted 50,000 Compulsory Convertible Debentures (CCDs) of Rs 100 each to GBI Master Fund I, L.P. on November 19, 2012. GBI Master Fund I, L.P. is a limited partnership organized under the laws of the State of Delaware, United States of America.
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.
