Future Supply Chain Solutions to raise Rs 199 cr via NCDs

Kishore Biyani-led Future Group's logistics arm Future Supply Chain Solutions (FSCSL) Tuesday said it will raise Rs 199 crore by allotting non-convertible debentures (NCDs) on a private placement basis.

"The board of directors...considered, approved issuance of secured redeemable non-convertible debentures for an amount aggregating to Rs 199 crore on private placement basis," the company said in a BSE filing.

Shares of Future Supply Chain Solutions were trading 0.77 per cent up at Rs 650 apiece on BSE.