Sebi okays Future Retail’s Rs 1,600 crore rights issue
16 Oct 2014 11:10 PM GMT
Kishore Biyani-promoted Future Retail has received market regulator Sebi’s approval to raise up to Rs 1,600 crore through rights issue. The company had filed its application with the Securities and Exchange Board of India (Sebi) for the proposed rights issue in July.
Sebi issued its final observations on the draft offer documents on 10 October, according to the market regulator’s latest update. Sebi had received the draft offer documents on 10 July through its lead manager Axis Capital Limited. Issuance of ‘observations’ on offer documents by Sebi is considered as a clearance to the issuer to go ahead with the share issues through routes like IPOs, FPOs and rights issue.
Sebi issued its final observations on the draft offer documents on 10 October, according to the market regulator’s latest update. Sebi had received the draft offer documents on 10 July through its lead manager Axis Capital Limited. Issuance of ‘observations’ on offer documents by Sebi is considered as a clearance to the issuer to go ahead with the share issues through routes like IPOs, FPOs and rights issue.
Next Story
