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Future Lifestyle To Raise Rs 500 Crore From Market

Future Lifestyle Fashions plans to raise Rs 500 crore from the domestic or overseas market on a private placement basis to bankroll its fashion retail business growth. The company is due to pass a special resolution at its annual general meeting scheduled for August 29 to raise the amount by issuing non-convertible debentures. The funds are to be borrowed in Indian or foreign currency by issue of debt instruments for…
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Apparel and Textile News Targets Rs 500 Cr Sales

Online fashion brand is targeting Rs 500 crore turnover in two to three years riding on new categories of expansion and plans to enter new geographies. Its co-founder Alok Agarwal said the company has posted 300 per cent growth for the last three years and is now eyeing Rs 500 crore turnover and enter new markets. He said the company is likely to report Rs 100 crore turnover this financial…
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