Business Standard

Future Enterprises pares stake in Future Supply Chain Solutions

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Capital Market

Sells 12.75% stake in FSCSL to Griffin Partners

Future Enterprises announced that on 28 June 2016, the Company has executed Shareholders Agreement and Share Purchase Agreement for sale of 14% equity shares (12.75% holding of the Company and 1.25% holding of management team) of Future Supply Chain Solutions ('FSCSL), a subsidiary of the Company, to Griffin Partners.

Post sale of 12.75% stake of FSCSL, the Company will continue to be holding company of FSCSL and hold majority stake of 57.42% in FSCSL.

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First Published: Jun 30 2016 | 9:42 AM IST

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