Home / Knowledge / News / Apparel/Garments / Future Retail files for Rs 1600 crores rights issue
Future Retail files for Rs 1600 crores rights issue
Aug '14
Future Retail has filed a draft letter of offer with SEBI – the market regulator to raise up to Rs 1,600 crores via a rights issue.

As per the document, Kishore Biyani promoted Future Retail would issue certain classes of shares to its existing shareholders through a rights issue.

Future Retail would issue equity and Class B shares and raise Rs 1,600 crores from the same.

The funds raised from the issue would be used towards repayment and pre-payment of certain borrowings of Future Retail and for general corporate purposes, the document said.

Future Retail is the flagship company of the Future Group and as of March 31, 2014, operates 321 stores in 98 cities across India.

It operates in various formats which include apparels, accessories, footwear, electronics, consumer durables, food, etc.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Veronique Lee

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

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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