Following SEBI communication received on 10 June 2014
With reference to earlier announcement dated 05 June 2014 regarding Proposed Preferential Issue of Shares, Future Lifestyle Fashions announced that in the matter of issue and allotment of shares on preferential basis to Ryka Commercial Ventures (a member of the Promoter group), Securities & Exchange Board of India (SEBI) vide its letter dated 10 June 2014, has conveyed to the Company its decision not to grant exemption from Regulation 72(2) of the SEBI (ICDR) Regulations, 2009 for inter-se transfer of shares made by another promoter group entity to its holding company.Powered by Capital Market - Live News