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Future Retail moves up on allotting NCDs worth Rs 199 crore

Future Retail is currently trading at Rs. 456.00, up by 3.00 points or 0.66% from its previous closing of Rs. 453.00 on the BSE.

The scrip opened at Rs. 452.25 and has touched a high and low of Rs. 457.50 and Rs. 450.10 respectively. So far 8720 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 593.45 on 07-Sep-2018 and a 52 week low of Rs. 399.70 on 07-May-2019.

Last one week high and low of the scrip stood at Rs. 458.00 and Rs. 438.00 respectively. The current market cap of the company is Rs. 22938.59 crore.

The promoters holding in the company stood at 47.02%, while Institutions and Non-Institutions held 29.09% and 23.89% respectively.

Future Retail has allotted 1,000 Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) of Rs 10,00,000 each (Series – IA) and 990, Secured Rated Listed Redeemable Non-Convertible Debentures of Rs 10,00,000 each (Series – IB) aggregating to Rs 199,00,00,000 on a private placement basis.

The Committee of Directors at their meeting held on June 03, 2019, considered, 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.

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