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Future Retail has allotted Rs 750 crore non convertible debentures

A non convertible debentures (NCDs) totaling to Rs 750 crores, have been allotted by the Future Retail on a private placement basis.

The company said in a BSE filing that the committee of directors of the company has approved the allotment of 7,500 NCDs of Rs 10 lakh each.

It further added that, “The Committee at its meeting held today considered, approved and allotted 7,500, 10.10 percent secured redeemable NCDs of Rs 10 lakh each, aggregating to Rs 750 crore, on private placement basis.”

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