Future Enterprises to raise up to Rs 1,250 crore in one or more tranches

Future Enterprises has received an approval to issue secured redeemable Non-Convertible Debentures (NCDs) for a value up to Rs 1,250 crore in one or more tranches within a period of one year, subject to approval by the members. The board of directors at its meeting held on August 02, 2016 has approved for the same.

Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.