Retailing arm expected to net about Rs 2,000 cr from deal
The company had posted a loss of Rs 3.23 crore in July-September 2018-19, Future Consumer, formerly known as Future Consumer Enterprise Ltd, said in a BSE filing
IFC, the World Bank's investment arm, said it would invest up to Rs 210 crore in FCL in the form of Compulsorily Convertible Debentures
The company's total expenses stood at Rs 10.15 billion
Company going for tie-ups, plans to roll out products in a host of new categories soon
The company had posted a net loss of Rs 113.8 million in the corresponding quarter a year ago
The stock surged 15% to Rs 67.50 on the BSE in early morning trade after the media report suggested that Morgan Stanley initiated coverage of the stock with overweight rating