Kishore Biyani led, Future Retail said it’s proposed Rs 1600 crore rights issue will open on January 15, 2015 and close on January 29, 2015.
Future Retail said in a BSE filing that the issue will open on January 15, 2015 and close on January 29, 2015, while last date for request for split application forms is January 22, 2015.
Future Retail had received SEBI’s approval for a rights issue on October 15 to raise up to Rs 1,600 crore.
In a rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio.
Future Retail is the flagship company of Future Group and is into multi-format retail business in India.
It has over 320 stores across 100 cities in various formats, including apparels, footwear, accessories, food, general merchandise, consumer durables and electronics. (AR)
