Future Enterprises Ltd allots 750 NCDs

The Committee of Directors of Future Enterprises Ltd at their meeting held on June 29, 2016, has considered, approved & allotted of 750, 10.25% Secured Redeemable Non-Convertible Debentures ("NCDs") of Rs. 10 lakh each, aggregating to Rs. 75.00 crore, on private placement basis.

The said NCDs shall be listed on Wholesale Debt Market Segment of BSE Limited.

These NCDs have been rated CARE AA- [Double A Minus] by Credit Analysis & Research Limited (CARE).

Shares of Future Enterprises Limited was last trading in BSE at Rs.24.20 as compared to the previous close of Rs. 22.95. The total number of shares traded during the day was 383104 as against 2 week average of 0.95 lakh shares.

The stock hit an intraday high of Rs. 25.90 and intraday low of 24.

Source : Equity Bulls

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