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FCHL to have positive impact on Future Group retail
Jan '08
Mr Kishore Biyani, CEO of Future Group was in Ahmedabad to promote the capital market issue of Future Capital Holdings Ltd (FCHL). The company is coming out with a lot of 6422800 equity shares which will be subscribed by 100 percent book building route.

The price band was fixed at Rs700 to 765, per equity share for its Initial Public Offering (IPO), which opens on January 11 and will run till January 16, 2008. He spoke exclusively to fibre2fashion and discussed at length, future activities and plans of the company.

FCHL is operating mainly into three verticals, Investment advisory services, retail financial services and research. It is the financial services arm of the Future Group, established in 2005, which was promoted under Pantaloon Retail Limited.

Talking about Future Capital's contribution in the company's core business of retail, Mr Kishore Biyani said, “We have one of the best teams working with us. We are in midst of developing other business and with regards to retail, we are one of the leading player in retail business. Future Capital is going to be one of the pillars of retail financial services. We will extend monetary support to our customers at Home town, Electronics Bazaar and Furniture Bazaar to help them purchase the products by financing the same.”

Divulging about the expansion of hypermarkets like Big Bazaar, in towns, the CEO said, “We are planning to extend Big Bazaar, which caters to every need of one's family, in industrial towns like Durgapur and Jamshedpur.”

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