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Future Market Networks intimates on sale of investment in subsidiaries

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Capital Market

F R Retail Destination and Niyman Mall Management Company for Rs 90 lakh

Future Market Networks announced that in terms of the resolutions passed by the shareholders of the Company on 20 August 2015 with regard to sale of investments in subsidiary companies, the Company has completed sale of investments to the extent of its 90% equity shareholding in F R Retail Destination and Niyman Mall Management Company for an aggregate consideration of Rs. 90,90,000/- (Rupees Ninety Lakhs Ninety Thousand only). Accordingly, the said companies ceased to be the subsidiaries of the Company.

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First Published: Oct 16 2015 | 7:31 PM IST

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