Apparel
Sebi questions FVRL’s restructuring plans
The Securities and Exchange Board of India (Sebi) has asked for clarifications from Kishore Biyani-led Future Retail on its intention to merge fully-owned subsidiary Future Value Retail (FVRL) with itself. As per reports, Sebi has raised concerns over the quantum of convertible debt being issued after the merger. It feels that the said deal...
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