Future Retail Ltd.

NSE: FRETAIL | BSE: 540064 | ISIN: INE752P01024 |Industry: Department Stores
|Weak Stock
77.80 2.60 (3.46%)
NSE Oct 23, 2020 15:31 PM
Volume: 5.5M
 

Future Retail Ltd.    
06 Oct 2017
77.80
3.46%

Event Update - Leading Industry consolidation: BUY

Prabhudas Lilladhar
FRL continues to lead the industry consolidation in retail with acquisition of HyperCityRetail'foranEVofRs9.11bn.HyperCitywilladd19storesandanarea of1.24mnsq.ft,salesofRs10.8bn,wellmaintainedstoresandover20mnfootfalls frompremiumcustomers.TheacquisitionhasadebtofRs2.56bn,immediatecash paymentofRs1.55bnandnoupsideclausein9.31mnsharesallotted,unlikeearlier...
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Number of FIIs/FPIs holding stock fell by 69 to 88 in Sep 2020 qtr.
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