Future Retail Share Stake Sell News update

Future Retail Latest News

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Future Retail Latest Trading Price

NSE Jun 15, 9:46 113.00 3.15 (2.87%)

52 Wk L/H – 60.70/489.45


Future Group in discussion with investor to sell it’s stake.

  • Mainly retail and supply-chain operations. Most valuable companies of group.

  • Premji Invest and Reliance Industries are interested.

  • Seeking valuation of $1.3 billion, approx Rs 10,000 crore.

  • Reliance strong foothold can dominate with help of Future group investment.

  • Future retail have 1388 outlet. Naming: Big Bazaar, Easyday, FBB, Foodhall, Hypercity, WHSmith,a nd more.
  • Ranging from hypermarket, discount department stores and supermarkets.
  • Reliance has nearly 4000 stores spanning grocery retailing, fashion, technology, jewellery and apparel.


Investors

  • Premji Invest is Investment firm by Wipro’s chairman Azim Premji, and already own 6% in Future Retails
  • Amazon, already owns 51% in Future Coupons Pvt. Ltd.
  • Samara Capital have already signed term-sheets to buy a non-controlling stake in Future Retail
  • Reliance Retail, is willing to own controlling and in recent past Biyani seems to be ready to sell controlling rights for survival of the company.
  • Reliance is also interest in Future Lifestyle Fashion, which includes Central, Brand Factory, Lee Cooper, and many more.


Due to liquidity crisis and huge debt Kishore Biyani, Founder of Future Group, is ready to sell majority of stake in Future Retail. Future Retails contributes to 80% revenue in Future Group.

Due to lockdown business was impacted but debt was already with company, around Rs 12,000 crore.


Shareholding of Promotes

StandaloneMay 2020
Promoters41.73
Pledged74.9


After investment in Future Group, dilution of stock not likely to happen as company is not in bankrupt stage or in NCLT.


Disclaimer: This is foe Education purpose only, contact your financial advisor and make your own assessment before making any investment.


Future Retail Latest News

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