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Future Consumer Enterprise allots equity shares

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Capital Market

To acquire 30% shareholding in Aadhaar Wholesale Trading and Distribution

Future Consumer Enterprise announced that in terms of the consent granted by the Shareholders of the Company, Future Consumer Enterprise ("Company") has issued and allotted an aggregate of 4,59,18,367 equity shares of the Company to Godrej Agrovet and Anamudi Real Estates (jointly "Sellers") and has accordingly acquired an aggregate of 30% shareholdings of Aadhaar Wholesale Trading and Distribution ("Aadhaar") held by the Sellers, consequent to which Aadhaar is now a wholly owned subsidiary of the Company.

In pursuance to the aforesaid and the allotment of equity shares of the Company to the Sellers, the paid-up equity share capital of the Company stands increased to Rs. 9,94,28,64,228/- comprising of 1,65,71,44,038 equity shares of Rs. 6/- each.

 

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First Published: Feb 23 2015 | 10:07 AM IST

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