Future Enterprises rose 2.19% to Rs 23.30 at 10:00 IST on BSE after the company said that it has allotted secured redeemable non-convertible debentures aggregating to Rs 25 crore on private placement basis.
The announcement was made after market hours yesterday, 27 June 2016.Meanwhile, the BSE Sensex was up 61.48 points, or 0.23%, to 26,464.44.
On BSE, so far 7,551 shares were traded in the counter, compared with an average volume of 1.77 lakh shares in the past one quarter. The stock hit a high of Rs 23.40 and a low of Rs 22.95 so far during the day. The stock hit a 52-week high of Rs 28.55 on 26 May 2016. The stock hit a 52-week low of Rs 13.08 on 24 August 2015. The stock had underperformed the market over the past one month till 27 June 2016, falling 12.14% compared with 0.94% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 32.48% as against Sensex's 4.2% rise.
The mid-cap company has an equity capital of Rs 86.39 crore. Face value per share is Rs 2.
Future Enterprises said that the committee of directors of the company has at their meeting held yesterday, 27 June 2016, considered, approved & allotted 250,10.25% secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each, aggregating to Rs 25 crore, on private placement basis. The NCDs shall be listed on wholesale debt market segment of BSE.
Future Enterprises' net profit rose 60.3% to Rs 16.53 crore on 75.3% decline in net sales to Rs 676.88 crore in Q4 March 2016 over Q4 March 2015.
Future Enterprises, formerly Future Retail, is engaged in multi brand retail trade.
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