Future Lifestyle Fashions raises Rs 350 crore through NCDs

Future Lifestyle Fashions Ltd (FLFL), part of the Kishore Biyani-led Future Group, has raised Rs 350 crore through issuance of non-convertible debentures series on a private placement basis, reports PTI from New Delhi.

"The Committee of Directors... has issued and allotted 3,500 senior, secured listed, rated, redeemable non- convertible debentures series - IV (NCDs) of Rs 10 lakh each at par for cash aggregating Rs 350 crore to the investors, on private placement basis," FLFL said in a regulatory filing.

Last week, the company had reported a 3.23% increase in consolidated net profit at Rs 30.28 crore for the quarter to September. Stock was trading 0.62% up at Rs 348.95 on the BSE.