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Future Consumer moves up on raising funds worth Rs 50 crore via NCDs

Future Consumer moves up on raising funds worth Rs 50 crore via NCDs

Future Consumer is currently trading at Rs. 40.60, up by 0.10 points or 0.25% from its previous closing of Rs. 40.50 on the BSE.

The scrip opened at Rs. 41.50 and has touched a high and low of Rs. 41.50 and Rs. 39.90 respectively. So far 136217 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 6 has touched a 52 week high of Rs. 79.45 on 27-Dec-2017 and a 52 week low of Rs. 35.25 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 41.50 and Rs. 35.25 respectively. The current market cap of the company is Rs. 7739.78 crore.

The promoters holding in the company stood at 44.51%, while Institutions and Non-Institutions held 17.48% and 38.01% respectively.

Future Consumer has raised funds worth Rs 50 crore. The Committee of Directors of the Board of Directors of the company has on October 12, 2018, allotted 500 Senior, Secured, Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each for cash at par to CDC Emerging Markets, an arm of CDC Group plc, UK’s Development Finance Institution, on private placement basis, consequent to receipt of subscription money aggregating to Rs 50 crore from the said allottee.

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.

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