Future Retail Ltd redeems Optionally Convertible Debentures

As per redemption notice received from IFCI Limited in accordance with the terms of OCD subscription agreement as amended by the amendment agreement dated August 08, 2014 executed between Future Retail Ltd and IFCI Limited, the Company has redeemed 1,000 Optionally Convertible Debentures (OCDs) (Series 1) of Rs.10,00,000 each, aggregating to Rs. 100 crore, issued to IFCI Limited.

Shares of FUTURE RETAIL LTD. was last trading in BSE at Rs.104.95 as compared to the previous close of Rs. 102.45. The total number of shares traded during the day was 232880 in over 3592 trades.

The stock hit an intraday high of Rs. 106 and intraday low of 102.2. The net turnover during the day was Rs. 24267279.

Source : Equity Bulls

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