Future Retail allots Rs 750-crore non convertible debentures

Future Retail today said it has allotted non-convertible debentures (NCDs) totaling Rs 750 crore on private placement basis.
The committee of directors of the company has approved allotment of 7,500 NCDs of Rs 10 lakh each, Future Retail said in a BSE filing.
"The Committee at its meeting held today considered, approved and allotted 7,500, 10.10 per cent secured redeemable NCDs of Rs 10 lakh each, aggregating to Rs 750 crore, on private placement basis," it added.
The NCDs shall be listed on Wholesale Debt Market segment of BSE, the filing said.
In last two days, Future Retail has allotted NCDs totaling Rs 120 crore.

Future Retail shares closed 2.18 per cent down at Rs 129.95 apiece on the BSE today.