Future Ventures India is currently trading at Rs. 9.60, up by 0.10 points or 1.05% from its previous closing of Rs. 9.50 on the BSE.
The scrip opened at Rs. 10.00 and has touched a high and low of Rs. 10.00 and Rs. 9.60 respectively. So far 34469 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 11.88 on 12-Nov-2012 and a 52 week low of Rs. 7.80 on 07-May-2012.
Last one week high and low of the scrip stood at Rs. 10.00 and Rs. 9.01 respectively. The current market cap of the company is Rs. 1536.84 crore.
The promoters holding in the company stood at 39.55% while Institutions and Non-Institutions held 20.19% and 40.27% respectively.
Future Venture India (FVIL) has agreed to make investment in new business venture- KFC Shoemaker- (KFC SPL).Post completion of issue and allotment of equity shares by KFC SPL ,FVIL shall hold 33.30% of the issued and paid up share capital of KFC SPL.
Further, on completion of the investment, KFC SPL would be an associate of FVIL and operational performance of the business will form part of the consolidated financials of Future Venture in terms of applicable accounting policies.On approval of the ongoing demerger proces of the fashion business of FVIL, KFC SPL will be part of new company Future Lifestyle Fashion.
KF SPL is primarily engaged in the business of sourcing footwear from domestic as well as foreign suppliers and undertakes retail sale of leather shoes, footwear, bags under the brand name Tresmode and Solvoga.
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