Future Retail Ltd redeems Convertible Debentures issued to Brand Equity Treaties Limited

As per redemption notice received from Brand Equity Treaties Limited in accordance with the terms of debenture subscription agreement as amended by the amendment agreement dated August 14, 2014 executed between Future Retail Ltd and Brand Equity Treaties Limited, the Company has redeemed 1,500 Convertible Debentures of Rs. 10,00,000 each, aggregating to Rs. 150 crore, issued to Brand Equity Treaties Limited.

Shares of FUTURE RETAIL LTD. was last trading in BSE at Rs.121.8 as compared to the previous close of Rs. 123.45. The total number of shares traded during the day was 107913 in over 2416 trades.

The stock hit an intraday high of Rs. 124.6 and intraday low of 120.8. The net turnover during the day was Rs. 13238640.

Source : Equity Bulls

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