Future Enterprises allots NCDs aggregating Rs 500 crore

On private placement basis

Future Enterprises announced that the Committee of Directors of the Company at its meeting held on 24 April 2018 approved allotment of 5,000, 10.00% Secured, Rated, Redeemable Non-Convertible Debentures of Rs 10 lakh each (NCO Series XXIII) aggregating to Rs 500 crore, on private placement basis.

These NCDs have been rated CARE AA-; Stable (Double A Minus; Outlook Stable) Rating by CARE Ratings.

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