NIFTY 50

Future Consumer plans to raise Rs 350 crore via securities

Updated : April 08, 2019 08:25 AM IST

International Finance Corporation (IFC), which currently holds 3 per stake in FCL, will be infusing up to Rs 210 crore, while Verlinvest with 7 percent stake will invest up to Rs 7O crore through preferential allotment of compulsorily convertible debentures (CCDs).
Further, the promoters are investing upto Rs 70 crore through warrants.
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