Future Retail raises Rs 2,000 crore through issue of warrants

24 Apr 2019 Evaluate

Future Retail has raised nearly Rs 2,000 crore through issue of warrants to its promoter group entity on a preferential basis.

The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of Rs 505 per warrant, each convertible into or exchangeable for one equity share of face value of Rs 2 each to Future Coupons, a promoter group entity, on preferential basis. The allotment has been made post receipt of the approval of Competition Commission of India (CCI).

Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.

Future Retail Share Price

2.41 0.00 (0.00%)
01-Aug-2024 16:01 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 3462.25
Aditya Birla Fashion 282.35
Trent 6948.90
Vishal Mega Mart 101.97
Electronics Mart Ind 165.05
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