Future Retail rose 4.66% to Rs 105.50 at 15:00 IST on BSE after the Committee of Directors approved allotment of 2,050, 10.25% Secured Redeemable Non-Convertible Debentures aggregating to Rs 205 crore, on private placement basis.
The announcement was made after market hours yesterday, 24 August 2015.
Meanwhile, the BSE Sensex was up 250.20 points, or 0.97%, to 25,991.76.
On BSE, so far 47.273 shares were traded in the counter, compared with an average volume of 3.79 lakh shares in the past one quarter.
The stock hit a high of Rs 109 and a low of Rs 100 so far during the day. The stock hit a 52-week high of Rs 151.50 on 3 February 2015. The stock hit a 52-week low of Rs 80.60 on 1 December 2014.
The stock had underperformed the market over the past one month till 24 August 2015, sliding 11.93% compared with 8.43% fall in the Sensex. The stock had also underperformed the market in past one quarter, declining 18.41% as against Sensex's 7.93% decline.
The mid-cap retail company has an equity capital of Rs 77.66 crore. Face value per share is Rs 2.
Future Retail said that the Committee of Directors of the company at its meeting held on 24 August 2015, approved allotment of 2,050, 10.25% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each, aggregating to Rs 205 crore, on private placement basis. The said NCDs shall be listed on wholesale debt market segment of BSE, Future Retail said.
Future Retail' s net profit fell 90.8% to Rs 6.10 crore on 17.4% rise in total income to Rs 2908.69 crore in Q1 June 2015 over Q1 June 2014.
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