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Future Retail surges on planning to raise funds via issue of various instruments

Future Retail is currently trading at Rs. 379.75, up by 4.75 points or 1.27% from its previous closing of Rs. 375.00 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 380.80 and Rs. 360.70 respectively. So far 11974 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 574.00 on 24-Dec-2018 and a 52 week low of Rs. 360.70 on 10-Oct-2019.

Last one week high and low of the scrip stood at Rs. 383.90 and Rs. 360.70 respectively. The current market cap of the company is Rs. 18998.22 crore.

The promoters holding in the company stood at 47.02%, while Institutions and Non-Institutions held 29.24% and 23.74% respectively.

Future Retail is planning to raise funds by way of issue of one or more of instruments comprising of equity shares, convertible securities, warrants, debt securities including issue of bonds or other instruments in India and/or overseas, whether Rupee denominated or denominated in foreign currency, through private placement, preferential issue, qualified institutions placement, external commercial borrowing including by way of foreign currency bonds offering, or such other methods or combinations thereof as may be decided by the Board, subject to such statutory/regulatory/corporate approvals as may be necessary, including the approval of the shareholders of the Company, wherever required under the applicable law.

The meeting of the board of directors of the company is scheduled to be held on October 12, 2019, to consider 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.