The Kishore Biyani-led Future Group's logistics arm Future Supply Chain Solutions (FSCSL) on Tuesday informed exchange houses that it would raise Rs 199 crores.
The amount will be raised via allotting non-convertible debentures (NCDs) on a private placement basis.
In a filing on Bombay Stock Exchange, the company announced, "The board of directors...considered, approved issuance of secured redeemable non-convertible debentures for an amount aggregating to Rs 199 crore on private placement basis"
Shares of Future Supply Chain Solutions were trading at Rs 640.15 per share, 4.90 points or 0.76% lower than the opening on Bombay Stock Exchange.
Shares of Future Retail Ltd were selling at Rs 478.95, 26.45 points or 5.23% lower.