Future Retail Ltd to consider various options of fund raising

A meeting of the Board of Directors of Future Retail Ltd will be held on June 11, 2014, to consider, discuss and approve various options of raising funds including, issue of equity shares or debt or hybrid instruments (viz. convertible securities) or warrants convertible into equity shares of the Company ("Securities") to the Qualified Institutional Buyers / Promoters / Investors on preferential basis and issue of equity shares of any class to its existing shareholders on a rights basis and in such other manner, as per the applicable SEBl Regulations and other applicable laws.

The Board will fix up the date, time and venue of the Extra Ordinary General Meeting of the members of the Company and / or to approve Postal Ballot of members for obtaining consent of members for this purpose.

As per the Code of Conduct of the Company under the SEBl (Prevention of Insider Trading) Regulations, 1992, the trading window for dealing in shares of the Company has been closed between June 07, 2014 to June 12, 2014 (both days inclusive). The trading window shall open from June 13, 2014.

Shares of FUTURE RETAIL LTD. was last trading in BSE at Rs.138.85 as compared to the previous close of Rs. 133.75. The total number of shares traded during the day was 930153 in over 14456 trades.

The stock hit an intraday high of Rs. 140.35 and intraday low of 130.8. The net turnover during the day was Rs. 127787975.

Source : Equity Bulls

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