Future Lifestyle Fashions to sell entire holding of 25.8% in Biba Apparels

Future Lifestyle Fashions Ltd. | Retailing | Retail | BSE: 536507 | NSE: FLFL

01 Oct 2013 Evaluate

Future Lifestyle Fashions has executed definitive documents for sale of its entire holding of 25.8% in Biba Apparels. The company has taken this step as part of its strategy to look for opportunity to make divestments of investments which provide appropriate valuation.

Future Lifestyle Fashions has been formed through the demerger of the lifestyle fashion businesses of Future Retail (formerly Pantaloon Retail (India)) and Future Ventures India. It has a strong portfolio of owned and licensed brands and has established retail presence pan-India.

Peers

Company Name	CMP
Avenue Supermarts	3830.00
Trent	2666.00
Vishal Mega Mart	103.50
PN Gadgil Jewellers	606.65
Aditya Birla Life	78.73
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.