Future Consumer Enterprise (FCEL) (formerly known as Future Ventures India) has made further investment of up to Rs 9.44 crore by way of subscription to and allotment of further equity shares of ACKPL, subsidiary company of FCEL. With the present acquisition, FCEL has increased its stake in ACKPL to 73.99%.
ACKPL operates in media and creation and publication of high entertainment industry and has an established leadership in quality content for both print and digital medium through its iconic publications like ‘Amar Chitra Katha’ etc.
Future Consumer Enterprise is the alternate investment arm of Future Group, India's largest retailer. The Future Group is a business group, led by Kishore Biyani, focusing on consumption-led businesses in India and is also one of India’s leading organized multi-format retailers.
