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Existing investors to infuse Rs. 3500 mn equity investment in Future Consumer Ltd

Future Consumer Limited (FCL or the Company) has announced that it plans to raise upto Rs. 3500 mn through the issuance of equity linked instruments. Existing investors led by International Finance Corporation (IFC) and Verlinvest along with the Promoter Group are expected to participate in this fund raise.

IFC is currently holding nearly 3% stake will be infusing upto Rs. 2,100 mn while Verlinvest holding ~7% stake will invest upto Rs. 700 mn through preferential allotment of Compulsorily Convertible Debentures (CCDs) subject to respective internal approvals. Further, the Promoters are investing upto Rs. 700 mn through warrants. These equity-linked instruments are convertible into equity shares of FCL within a period of 18 months from the date of issue, at a conversion price of Rs. 45.02 per share, in compliance with the applicable Securities and Exchange Board of India (SEBI) guidelines.

The primary purpose of the fundraising is to fund various expansion