By Tali Rackner
Norfolk, Va., June 29 – Future Enterprises Ltd. informed the Bombay Stock Exchange that its directors committee approved and allotted Rs. 750 million of 10¼% secured redeemable nonconvertible debentures via private placement.
The 750 debentures will have a face value of Rs. 1 million each.
The debt will be listed on the wholesale debt market segment of the BSE Ltd.
Future Enterprises, formerly Future Retail Ltd., is a multi-format retailer based in Mumbai.
| Issuer: | Future Enterprises Ltd.
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| Amount: | Rs. 750 million
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| Issue: | Secured redeemable nonconvertible debentures
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| Coupon: | 10¼%
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| Allotment date: | June 29
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| Rating: | CARE AA-
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