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| Exchange Disseminated Time | Future Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2015, has take the following decisions :
1. Structuring of a Share Based Employee Benefit Scheme with a ceiling limit of upto 2 (Two)% of the paid-up equity share capital of the Company, computed as at the end of the previous financial year.
2. The Board approved divestment of part of its investments in its subsidiary, Future Supply Chain Solutions Limited, and authorised committee to consider various options for a value upto Rs. 700 crore, such as Offer for Sale as part of Initial Public Offering, sale to Private Equity / Strategic Investor. |
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