Future Ventures India (FVIL) has made an additional investment in Holii Accessories (Holii) by subscribing to 1 lakh equity shares of Rs 10 each at premium of Rs 190 per equity share.
Holii is a joint venture company between Hidesign India and FVIL each holding 50% of the paid-up share capital of Holii.
Holii is in the business of designing and distributing fashion accessories, such as luxury handbags, wallets and other leather products for women, under the brand name ‘Holii’.
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.
Company Name | CMP |
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Adani Enterprises | 3052.60 |
Redington | 215.05 |
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Rashi Peripheral | 317.20 |
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