Big Bazar

Kishore Biyani's Future Retail to Raise Rs 650 Cr through NCDs

The retail chain can raise this amount in one or more tranches. This approved secured /unsecured, redeemable, non-convertible debentures (NCDs) is available on a private placement basis. “The board has also authorised the Committee of Directors to decide on matters and transactions relating to aforesaid proposed issuance and allotment of NCDs including but not limited to finalisation and approval of terms and conditions of issue, number of NCDs and timing of the issue from time to time,” the company said in a regulatory filing.