Future Consumer rose 2.86% to Rs 21.55 at 9:55 IST on BSE after the company said that its board will meet on 12 January 2017 to consider issuing non-convertible debentures.
The announcement was made after market hours yesterday, 09 January 2017.Meanwhile, the S&P BSE Sensex was up 118.59 points or 0.44% at 26,845.14.
On the BSE, 51,000 shares were traded on the counter so far as against the average daily volumes of 6.37 lakh shares in the past one quarter. The stock had hit a high of Rs 21.55 and a low of Rs 21.10 so far during the day.
The stock had hit a 52-week high of Rs 25.40 on 29 June 2016 and a 52-week low of Rs 18.10 on 9 November 2016.
The mid-cap company has equity capital of Rs 997.50 crore. Face value per share is Rs 6.
Future Consumer's said that a meeting of the board of directors of the company is scheduled on 12 January 2017 to consider issue of non-convertible debentures on private placement basis or otherwise.
On a consolidated basis, Future Consumer reported net loss of Rs 16.17 crore in Q2 September 2016, lower than net loss of Rs 28.66 crore in Q2 September 2015. Net sales rise 30.6% to Rs 559.83 crore in Q2 September 2016 over Q2 September 2015.
Future Consumer is India's first sourcing-to-supermarket food company by Future Group.
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