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Future Enterprises' board to meet on Saturday, to discuss raising funds

A source said the board would also look at the proposal to merge three other listed entities of the Future group with FEL

Kishore Biyani, Future retail, big bazaar, bazar
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Once the merger is completed, Reliance Industries will invest Rs 8,500 crore to own 50 per cent stake in the merged entity

Dev Chatterjee Mumbai
The board of Future Enterprises is meeting on Saturday to take a call on raising of funds.
 
In a notice to the stock exchanges, the company said that the board of directors would consider and evaluate proposals to raise funds by way of issuance of bonds including debentures/non-convertible debt instruments/securities and/or any other instruments / securities, including through private placement or through any other permissible mode or any combination thereof, as may be decided by the board.
 
A source said the board would also look at the proposal to merge three other listed entities of the Future group with FEL.
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First Published: Aug 27 2020 | 2:51 AM IST

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