Future Retail gains after RBI removes FII stock purchase curbs

13 Feb 2014 Evaluate

Future Retail is currently trading at Rs. 81.50, up by 2.95 points or 3.76 % from its previous closing of Rs. 78.55 on the BSE.

The scrip opened at Rs. 79.35 and has touched a high and low of Rs. 83.25 and Rs. 79.30 respectively. So far 630855 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 237.50 on 13-Feb-2013 and a 52 week low of Rs. 63.30 on 17-Dec-2013.

Last one week high and low of the scrip stood at Rs. 81.50 and Rs. 77.30 respectively. The current market cap of the company is Rs. 1753.26 crore.

The promoters holding in the company stood at 47.10 % while Institutions and Non-Institutions held 30.71 % and 22.19 % respectively.

Reserve Bank of India (RBI) has allowed Foreign Institutional Investors (FIIs) to buy shares in Future Retail as the foreign shareholding in the company has gone below the prescribed limit. RBI further stated that the restrictions placed on the purchase of shares of the company are withdrawn with immediate effect.

Earlier, the RBI had placed restriction on FIIs to purchase shares in Future Retail as the foreign shareholding had crossed the overall permissible limit of 24% of paid-up capital.

Future Retail (formerly known as Pantaloon Retail (India)) is India’s leading retail chain and part of Indian conglomerate Future Group. It operates retail space spread over 11 million square feet. It has a network of more than 1000 stores across 63 cities in India and has employee strength of 30,000 people.

Future Enterprises Share Price

0.73 0.00 (0.00%)
31-Oct-2024 16:00 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 3928.00
Aditya Birla Fashion 308.95
Trent 7142.80
Electronics Mart Ind 191.55
Future Retail 2.41
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