Home / Knowledge / News / Apparel/Garments / Future Group may sell FLF stake
Future Group may sell FLF stake
11
May '16
Courtesy: Future Group
Courtesy: Future Group
Future Lifestyle Fashions is one of the six investments in the Kishore Biyani-led Future Group which Future Enterprise Ltd is looking to monetise in each of the next five years to raise Rs 10,000 crore.

Future Lifestyle Fashions, Future Supply Chain Solutions, Future Consumer Enterprise, Future Generali India Insurance Co, Future Generali India Life Insurance Co, Apollo & Goldmohur Mills and Staples together are valued at present Rs 4,345 crore and are likely to be worth Rs 10,160 crore in the next 3-5 years, FEL said in an investor presentation.

"Target to at least monetise one investment per year over the next five years," it said.

The company claims that the plan has a potential realisation of Rs 10,000 crore. "Monetisation of only one or two investments has the potential to make FEL debt free. Beyond that any monetisation can lead to value creation for shareholders," it said.

In the next two to three years, FEL said it is looking at partial monetisation of stakes in Future Consumer Enterprise Ltd (FCEL) and Future Lifestyle Fashions (FLF).

The current value of 9 per cent stake holding in FCEL is Rs 325 crore while that 16 per cent holding in FLF is Rs 285 crore, according to the investor presentation. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search