Future Ventures India (FVIL) has made an additional investment in Future Consumer Enterprises (FCEL) by subscribing to 25,00,000 zero percent optionally convertible debentures of Rs 100 each.
FCEL is engaged in product development, designing, branding and distribution of FMCG products under brands such as Tasty Treat, Clean Mate, Care Mate, Premium Harvest and Fresh and Pure. FCEL currently markets its products through stores owned by the Future Group, such as Big Bazaar, Food Bazaar, KB Fairprice and Aadhaar. FCEL is a wholly owned subsidiary of FVIL.
Besides, the company has also made an additional investment in Capital Foods Exportts (Capital Foods) by subscribing to 25,00,000 zero percent optionally convertible debentures of Rs 100 each.
FVIL 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.
Company Name | CMP |
---|---|
Adani Enterprises | 3037.05 |
Redington | 211.30 |
Amrapali Industries | 14.22 |
Rashi Peripheral | 319.05 |
Compuage Infocom | 4.36 |
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