Future Enterprises raises Rs 500 crore via NCDs

Homegrown retail major Future Enterprises today said it has raised Rs 500 crore by allotting non-convertible debentures (NCDs) on a private placement basis.

"The committee of directors of the company...considered, approved and allotted...secured, rated, redeemable non-convertible debentures of Rs 10 lakh each aggregating to Rs 500 crore on private placement basis," the company said in a BSE filing.

Shares of Future Enterprises were trading 1.46 per cent up at Rs 38.30 per scrip on BSE.