The Committee of Directors of Future Enterprises Ltd has at their meeting held on March 20, 2017, considered, approved & allotted of 1,406, 9.60% Secured Redeemable Non-Convertible Debentures ("NCDs") of Rs. 10 lakh each (NCD Series XVI - C) and 2,114, 9.60% Secured Redeemable Non-Convertible Debentures ("NCDs") of Rs. 10 lakh each, (NCD Series XVI - D) aggregating to Rs. 352 crore, on private placement basis.