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Future Market Networks Ltd.

BSE: 533296 Sector: Others
NSE: FMNL ISIN Code: INE360L01017
BSE 00:00 | 25 Jan 9.22 0.06
(0.66%)
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NSE 00:00 | 25 Jan 9.20 -0.05
(-0.54%)
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HIGH

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Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

November 18, 2021, 9:58 pm | Source: BSE | Downlaod PDFDownload PDF

Further to our earlier intimations dated July 16 2019 August 28 2019 and October 25 2019 please take on record that the Company has completed the transfer of balance 49% of the paid up share capital held by the Company in Gati Realtors Private Limited and Future Retail Destination Private Limited in terms of the transaction documents executed by the Company. Accordingly Gati Realtors Private Limited and Future Retail Destination Private Limited ceases to be the Associates / Joint Ventures of the Company.

Consideration received by the Company on the aforesaid transfer is INR 114930000/- (rupees eleven crores forty-nine lakhs thirty thousand only). The transaction is not between related parties.

The transaction is fully completed in terms of the transaction documents executed by the Company.

Kindly take the same on record.

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