Future Enterprises has raised Rs.500 crore, by alloting non-convertible debentures (NCDs) on a private placement basis.

In a BSE filing the company stated, “The committee of directors of the company…considered, approved and allotted…secured, rated, redeemable non-convertible debentures of Rs.10 lakh each aggregating to Rs.500 crore on private placement basis.”

Moreover, these NCDs have been rated CARE AA-; Stable (Double A Minus; Outlook Stable) Rating by CARE Ratings.

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