Kishore Biyani eyeing consolidation in Indian retail
Future Retail, the group's flagship company runs over 700 stores across 13 million sq ft19-09-2016
19-09-2016
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Arisaig Partners (Asia) Pte Ltd has submitted the disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 201115-09-2016
Standalone Financial Results, Limited Review Report for June 30, 2016
Future Enterprises Ltd has informed BSE about : 1. Standalone Financial Results for the period ended June 30, 20162. Standalone Limited Review for the period ended June 30, 201613-09-2016
Board Meeting Intimation for Results & Closure of Trading Window
Future Enterprises Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on September 13, 2016, inter-alia, to consider and approve the Un-audited Financial Results for the quarter ended June 30, 2016.Further, in terms of the Companys Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, the Trading Window for dealing in the securities of the Company will remain closed...06-09-2016
Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Future Enterprises Ltd has informed BSE regarding the details of Voting results at the 28th Annual General Meeting (AGM) of the Company held on August 29, 2016, under Regulation 44(3) of SEBI (LODR) Regulations, 2015 along with Scrutinizer's Report and Proceedings of the Meeting in this regard.30-08-2016
Future Retail lists on BSE at Rs 153 post demerger
At 10:05 am, Future Retail was trading 5 per cent higher at Rs 160.65. It listed on BSE at Rs 153.29-08-2016
Guess who makes more money than Kishore Biyani and Mukesh Ambani in retail?
MUMBAI: Which is the most profitable retail chain in India? Answer: The defence canteen stores. Its earnings exceeded those of all other chains, including Future Retail and Reliance Retail. The Canteen Stores Department (CSD), which, incidentally, is a not-for-profit organisation, earned Rs 236 crore during FY14-15, according to a Right to Information query. Comparatively, Avenue Supermart, which runs D'Mart stores, made a profit of Rs 211crore that year, Future Retail made Rs 153 crore and Reliance Retail Rs 159 crore. In terms of sales, too, CSD fared well, with its revenue of Rs 13,709 crore trailing only Future Group and Reliance Retail. The CSD's retail outlets sell 5,300 products ranging from biscuits and beer to shampoos and cars to 12 million consumers personnel of the army, navy and air force, ex-servicemen and their families. Started in 1948, it is managed by the defence ministry and comprises 3,901unit-run canteens and 34 depots. It has more than 600 suppliers competing to provide a range of products including toiletries and cosmetics, household goods, footwear and accessories, food items, stationery, electronics and consumer durables, liquor and vehicles. "CSD is definitely a critical channel. While we are not as focussed as we should be, there is a lot to be done to increase its contribution to our overall sales," said Krishna Rao, deputy marketing manager at Parle Products. "They expect a higher margin so they can pass on the benefit to the end-consumer." While vendor companies offer slightly better discounts to CSD than to local kiranas, products are still sold at...17-08-2016
Newspaper Advertisement for Annual General Meeting and Record Date
Future Enterprises Ltd has submitted to BSE a copy of Newspaper Advertisement for Annual General Meeting and Record Date.11-08-2016
Fixes Record Date for Dividend
Future Enterprises Ltd has informed BSE that the Company has fixed August 22, 2016 as the Record Date for the purpose of Payment of Dividend.08-08-2016
Biyani's Future Enterprises plans to raise Rs 1,250 crore
NEW DELHI: Future Enterprises Ltd, part of Kishore Biyani-led Future Group, plans to raise up to Rs 1,250 crore through issuance of securities on a private placement basis to refinance its existing debts, fund expansion program and general corporate purposes. The company is seeking approval of its shareholders in the upcoming AGM on August 29, 2016 for issuance of "non-convertible debentures of Rs 1,250 crore for refinancing its existing debts, expansion/capex program and general corporate purposes," Future Enterprises Ltd (FEL) said in a regulatory filing. FEL, which has undergone change from a retail company to a retail infrastructure firm, said it has certain funds requirements as well as it proposes to rationalise its debt maturity profile while ensuring reduction in overall finance cost and improving debt service coverage ratio. "This would also help the company to improve its balance sheet and credit profile resulting in improved credit rating and hence capability to obtain credit facilities at better terms and reduced rate of interest," the company added. Further, with overall reduction in base lending rate by banking sector, there is further scope to borrow at reduced rate of interest, it said. "On analysis of the present debt profile, it was felt that the company can further replace few of its current or near term maturity debts as well as some more high cost debts with fresh mobilisation of funds," it said. FEL is seeking nod from its shareholders to authorise its board to issue fresh issue non-convertible debentures on private placement basis in one or more tranches,...04-08-2016