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28-Aug2017

Future Enterprises' arm files DRHP with SEBI for public offer

Future Enterprises' (FEL) subsidiary company - Future Supply Chain Solutions (FSCSL) has filed the Draft Red Hearing Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a public offer of up to 97,84,570 equity shares representing 25% of the existing issued and paid-up equity share capital of FSCSL for cash, through an Offer for Sale of up to 19,56,914 equity shares held by the company in FSCSL representing up to 5% of the existing issued and paid-up equity share capital of FSCSL and 78,27,656 equity shares held by Griffin Partners (other participating shareholder) in FSCSL representing up to 20% of the existing issued and paid-up equity share capital of FSCSL.

Earlier on August 7, 2017, the board of directors of the company had approved for the Offer for Sale of shares of its subsidiary company FSCSL and participation of the company up to 5% of paid up capital of FSCSL.

Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.



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