Future Consumer Ltd, part of Kishore Biyani-led Future Group, plans to raise around Rs 280 crore through issuance of debentures to Verlinvest SA and the International Finance Corporation (IFC) on a preferential basis. The company has sought shareholders’ nod on the proposal to issue compulsorily convertible debentures (CCDs) of face value of Rs 1,00,000 each, for an aggregate amount of the rupee equivalent of USD 10 million (about Rs 69.26 crore) to Verlinvest SA on a preferential basis. — The Economic Times

Trilegal advised Verlinvest SA led by a team of partner Kunal Chandra and associate Debarati Sengupta.

Future was assisted by its in-house legal team.

2019-04-15

Deal value: USD 10 million (INR equivalent)

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