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| Exchange Received Time 06/07/2017 14:17:29 Exchange Disseminated Time 06/07/2017 14:17:34 Time Taken 00:00:05 | Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (Listing Regulations) this is to inform that, today, the Company has sold on floor of stock exchange 14,99,99,900 Equity shares which is 9.02% of Equity share capital of Future Consumer Limited (FCL) (formerly known as Future Consumer Enterprise Limited). This shares has been bought on floor of exchange by Future Capital Investment Private Limited, a promoter group company, by way of inter-se transfer under Block Deal mechanism at prevailing market rate at time of trade.
Consequent to the said transfer, the Company has disposed its substantial investment in FCL. The Company will continue to hold 100 equity shares in FCL.
The aforesaid disclosure is given since the Company was holding more than 5% of the equity share capital of FCL.
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