Future Consumer has received an approval for consolidation of investments held by the company in few downstream entities, into a wholly owned subsidiary (WOS) of the company, by way of transfer of the respective shareholding of the company to the WOS at fair market value, subject to such further consents and approvals that may be required. The Board of Directors of the company at its meeting held on November 03, 2018, approved the same.
Future Consumer (formerly Future Consumer Enterprise) is a holding company. It is a food company, which is engaged in branding, marketing, sourcing, manufacturing and distribution of fast moving consumer goods, food and processed food products. It also has agri-sourcing operations in India.