Future Enterprises raises Rs 332 crore via NCDs

Homegrown retail major Future Enterprises today said it has raised Rs 332 crore by allotting non-convertible debentures (NCDs) on a private placement basis.

"The Committee of Directors of the company...Considered, approved and allotted 1,330 secured redeemable non-convertible debentures of Rs 10 lakh each (NCD Series XVI - E) and 1,990 secured redeemable non-convertible debentures of Rs 10 lakh each (NCD Series XVI - F) aggregating to Rs 332 crore on private placement basis," the company said in a BSE filing.

Future Enterprises had last week raised Rs 352 crore by allotting NCDs.

Shares of the company closed at Rs 27.80, down 1.07 on BSE.