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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