Future Enterprises raises Rs 25 cr via NCDs

Homegrown retail major Future Enterprises today said it has raised Rs 25 crore by issuing non-convertible debentures (NCDs) on a private placement basis.

The company has allotted 20, 9.17 per cent secured redeemable NCDs of Rs 10 lakh each, and 230, 9.28 per cent secured redeemable NCDs of Rs 10 lakh each aggregating to Rs 25 crore, Future Enterprises said in a BSE filing.

The NCDs will be listed on the wholesale debt market segment of BSE.

Shares of the company closed at Rs 31.45, up 2.28 per cent on BSE.