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Future Lifestyle Fashions raises Rs 350 crore through NCDs

Future Lifestyle Fashions¬†Ltd (FLFL), part of the Kishore Biyani-led Future Group, has raised Rs 350 crore through issuance of non-convertible debentures series on a private placement basis. “The Committee of Directors… has issued and allotted 3,500 senior, secured listed, rated, redeemable non- convertible debentures series – IV (NCDs) of Rs 10 lakh each at par for cash aggregating Rs 350 crore to the investors, on private placement basis,” FLFL said in a regulatory filing. Last week, the company had reported a 3.23 per cent increase in consolidated net profit at…

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Accumulate Rs 1 Crore by Investing Just Rs 5,000 Monthly

To many, Rs 1 crore may look like an unachievable figure but it is possible to accumulate the sum by investing just Rs 5,000 per month provided you follow these rules. Invest in growth assets By this, we mean an asset class that has the potential to deliver higher returns over long-term. Equity is one such asset class. Over long term, equity has potential to deliver over 12-15 per cent annual return whereas investments in conservative assets such as fixed income will only yield you 7-8 per cent annually. See…

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