Home / Knowledge / News / Apparel/Garments / Future Lifestyle raises stake in MFPL to 52.44%
Future Lifestyle raises stake in MFPL to 52.44%
Apr '16
Future Lifestyle Fashions, an India based textile and apparel conglomerate, has increased its stake in Mineral Fashions Private Limited (MFPL), which owns the clothing and accessories brand – Mineral, from 49.62 per cent to 52.44 per cent by converting its Compulsorily Convertible Debentures (CCD) into shares, according to a filing by Future Lifestyle with BSE.

MFPL has become a subsidiary of the company upon this conversion, which came into effect on April 1, 2016.

With respect to the share holding pattern, 60.29 per cent of the total shares lie with the promoter and promoter group and 39.71 per cent with the public up till December 31, 2015, as reported by the company in another BSE filing.

The promoter and promoter group held 11,43,14,555 fully paid-up equity shares, while the public held 7,52,77,828 fully paid-up equity shares.

The share prices reached a high of 84.45 and a low of 75.5 last month, the BSE reported. (MCJ)

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search