Future Enterprises hits 5% upper circuit as board to consider raising funds

Other Future Group companies' stock also rallied on the development, with Future Retail surging 7 per cent

Shares of Future Enterprises (FEL) were locked in 5 per cent upper circuit at Rs 19.25 on the BSE on Thursday after the company said its board will meet on Saturday to take a call on raising of funds.

Other Future Group companies' stocks also gained in trade. Future Retail (FRL) jumped 7 per cent at Rs 125.60 while Future Lifestyle Fashions Limited rose 4.7 per cent to Rs 137.85. Among others, Future Consumer Limited and Future Supply Chain Solutions  were both up over 2 per cent each. In comparison, the benchmark S&P BSE Sensex was trading 0.46 per cent higher