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20-Mar2018

RBI allows foreign investors to raise upto 49% in Future Retail

The Reserve Bank of India (RBI) has notified that foreign portfolio investors (FPIs) can now invest up to 49 per cent of the paid-up capital in Future Retail (FRL) under the portfolio investment scheme, against the earlier cap of 24 per cent. FPIs currently hold 17.02 per cent stake in the company.

FRL had passed necessary resolutions through its board of directors and general body meetings as required under FEMA, 1999, and the regulations framed thereunder.

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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