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Future Consumer Ltd.

BSE: 533400 Sector: Others
NSE: FCONSUMER ISIN Code: INE220J01025
BSE LIVE 15:55 | 15 Dec 67.70 4.20
(6.61%)
OPEN

64.70

HIGH

70.30

LOW

63.00

NSE 15:56 | 15 Dec 67.85 4.40
(6.93%)
OPEN

64.65

HIGH

70.40

LOW

63.60

OPEN 64.70
PREVIOUS CLOSE 63.50
VOLUME 3853869
52-Week high 70.30
52-Week low 19.05
P/E 483.57
Mkt Cap.(Rs cr) 12,476
Buy Price 67.70
Buy Qty 626.00
Sell Price 0.00
Sell Qty 0.00
OPEN 64.70
CLOSE 63.50
VOLUME 3853869
52-Week high 70.30
52-Week low 19.05
P/E 483.57
Mkt Cap.(Rs cr) 12,476
Buy Price 67.70
Buy Qty 626.00
Sell Price 0.00
Sell Qty 0.00

Future Consumer Ltd. (FCONSUMER) - Company History

Future Ventures India Ltd is a public limited company and are regulated by the RBI as a systemically important non-deposit accepting NBFC. The company is a part of the Future Group. They are engaged in the business of granting loans and financing. The company seeks to promote and participate in innovative and emerging business ventures in India. Future Ventures India Ltd was incorporated on July 10, 1996 as a public limited company with the name Subhikshith Finance & Investments Ltd. The company commenced business on August 2, 1996 in Tamil Nadu. In March 9, 1998, they got a certificate of registration from RBI to carry on the business of a NBFC as a 'non-deposit taking company'. In August 10, 2001, the company was converted into a private limited company and the name was changed to Subhikshith Finance & Investments Pvt Ltd. In the year 2007, RBI granted a fresh certificate of registration to carry on business of a NBFC as a 'non-deposit taking company' on change of name to Subhikshith Finance & Investments Pvt Ltd. In July 14, 2007, the company became a wholly-owned subsidiary of Pantaloon Future Ventures Ltd (now known as Future Value Retail Ltd). Also, the name of the company was changed from Subhikshith Finance & Investments Pvt Ltd to Future Ventures India Pvt Ltd. In September 7, 2007, the company was converted to a public limited company and the name of the company was changed to Future Ventures India Limited. Also, RBI granted a fresh certificate of registration to carry on the business of a NBFC as a 'non-deposit taking company' on change of name to Future Ventures India Ltd. Also, they entered into agreements to purchase securities of Biba Apparels Pvt Ltd, Sankalp Retail Value Stores Pvt Ltd and SSIPL Retail Private Ltd. In the year 2008, the company entered into agreements to purchase securities of Footmart Retail (India) Ltd, Convergem Communications (India) Ltd, Aadhaar Retailing Ltd, Indus-League Clothing Ltd, Lee Cooper (India) Ltd, Celio Future Fashions Ltd, Indus Tree Crafts Pvt Ltd, AND Designs India Ltd and Turtle Ltd. Also, they entered into a consulting and advisory services agreement with Future Capital Holdings Ltd. In the year 2009, the company entered into an agreement for purchase of securities of Star Shopping Centres Pvt Ltd. They made investments in the equity shares and preference shares of Lee Cooper (India) Ltd. Also, they increased their stake in Indus-League Clothing Ltd and AND Designs India Ltd. In the year 2010, the company transferred their entire shareholding in Celio Future Fashions Ltd, Lee Cooper (India) Ltd and Turtle Ltd in favour of Indus-League Clothing Ltd, a subsidiary company. In July 2010, they transferred their entire shareholding in Star Shopping Centres Pvt Ltd in favour of Future Realtors (India) Pvt Ltd and divested their stake in the aforesaid company. During the year, the company also transferred their entire shareholding in Sankalp Retail Value Stores Pvt Ltd and Foot Mart Retail India Ltd to Juhi's Idea Mercantile Pvt Ltd and Blessings Mercantile Pvt Ltd, respectively. During the year, the company made investments in the equity shares of Capital Foods Exportts Pvt Ltd, Future Consumer Enterprises Ltd and Future Consumer Products Ltd, and increased their shareholding in Indus-League Clothing Ltd and Indus Tree Crafts Pvt Ltd. Also, they entered into a share transfer cum purchase agreement with Sanjay Bindra, Punita Bindra, Siddharth Bindra and Meena Bindra for purchase of up to 94,000 equity shares of BIBA Apparels Pvt Ltd. In the year 2011, the company entered into a share subscription agreement and a shareholders' agreement with Idream Holdings Pvt Ltd, Shripal Morakhia, Samir Patil and Amar Chitra Katha Pvt Ltd for subscribing to 122,598 equity shares of Amar Chitra Katha Pvt Ltd. They transferred their entire shareholding in SSIPL Retail Pvt Ltd to their subsidiary, Indus-League Clothing Ltd. The company intends to provide the Business Ventures with access to a wide range of resources within the Future Group.