Future Retail planning to raise funds via issue of various instruments

Future Retail Ltd. | Retailing | Retail | BSE: 540064 | NSE: FRETAIL

10 Oct 2019 Evaluate

Future Retail is planning to raise funds by way of issue of one or more of instruments comprising of equity shares, convertible securities, warrants, debt securities including issue of bonds or other instruments in India and/or overseas, whether Rupee denominated or denominated in foreign currency, through private placement, preferential issue, qualified institutions placement, external commercial borrowing including by way of foreign currency bonds offering, or such other methods or combinations thereof as may be decided by the Board, subject to such statutory/regulatory/corporate approvals as may be necessary, including the approval of the shareholders of the Company, wherever required under the applicable law.

The meeting of the board of directors of the company is scheduled to be held on October 12, 2019, to consider the same.

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.