Future Retail raises funds through warrants

Future Retail, the retail arm of the Future Group has raised around Rs 2,000 crore (approx 286.7 million dollars) through issue of warrants to its promoter group entity on a preferential basis. With this, the shareholding of the promoter and promoter group in Future Retail was 47 percent at the end of March 2019.The fund has been approved by country’s fair trade regulator Competition Commission of India (CCI). The total aggregated value of funds raised through issuance of warrants is Rs 1,999.99 crore.