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Future Supply Chain Solutions gains on getting nod for sale of investment in Vulcan

Future Supply Chain Solutions gains on getting nod for sale of investment in Vulcan

Future Supply Chain Solutions is currently trading at Rs. 619.50, up by 6.95 points or 1.13% from its previous closing of Rs. 612.55 on the BSE.

The scrip opened at Rs. 619.50 and has touched a high and low of Rs. 620.70 and Rs. 619.50 respectively. So far 50 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 750.00 on 21-Jun-2018 and a 52 week low of Rs. 551.10 on 22-Apr-2019.

Last one week high and low of the scrip stood at Rs. 620.70 and Rs. 580.00 respectively. The current market cap of the company is Rs. 2455.48 crore.

The promoters holding in the company stood at 52.43%, while Institutions and Non-Institutions held 23.12% and 24.45% respectively.

Future Supply Chain Solutions has received approval for sale of up to 100% investment held in Vulcan Express (Vulcan) and authorised the Committee of Directors to implement the decision including finalisation and execution of requisite agreements. The Board of Directors at its meeting held on May 13, approved the same. The Board has directed to complete the transaction during current financial year. The transaction would be entered into at arms’ length basis.

Future Supply Chain Solutions is one of the largest third-party logistics service provider in India. Their services include automated and IT-enabled warehousing, distribution and other logistics solutions.

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