India’s Future Retail allots Rs. 2 billion non-convertible debentures

By Tali Rackner

Norfolk, Va., April 23 – Future Retail Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday and approved and allotted 2,000 of 10.1% secured redeemable non-convertible debentures with a face value of Rs. 1 million each.

The Rs. 2 billion of debentures were issued on a private placement basis and will be listed on the wholesale debt market segment of BSE Ltd.

Future Retail is a multi-format retailer based in Mumbai.

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