Future Retail zooms on raising Rs 200 crore via NCDs

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

01 Jun 2020 Evaluate

Future Retail is currently trading at Rs. 89.00, up by 4.20 points or 4.95% from its previous closing of Rs. 84.80 on the BSE.

The scrip opened at Rs. 89.00 and has touched a high and low of Rs. 89.00 and Rs. 89.00 respectively. So far 37442 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 489.25 on 28-Jun-2019 and a 52 week low of Rs. 61.05 on 09-Apr-2020.

Last one week high and low of the scrip stood at Rs. 89.00 and Rs. 70.40 respectively. The current market cap of the company is Rs. 4825.60 crore.

The promoters holding in the company stood at 40.31%, while Institutions and Non-Institutions held 24.91% and 34.78% respectively.

Future Retail has raised Rs 200 crore through secured, Listed, Rated and Redeemable Non-Convertible Debentures (NCDs) and allotted 2,000 NCDs having face value of Rs 10 lakh each on private placement basis. The Meeting of Committee of Directors at its meeting held on June 1, 2020 has approved and allotted 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.