Future Retail on Tuesday said it has raised nearly ₹2,000 crore through issue of warrants to its promoter group entity on a preferential basis.

“The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of ₹505 per warrant, each convertible into or exchangeable for one equity share of face value of ₹2 each to Future Coupons Ltd, a promoter group entity, on preferential basis,” Kishore Biyani-led company said in a regulatory filing.

The total aggregated value of funds raised through issuance of warrants is ₹1,999.99 crore.

Future Retail said the allotment has been made post receipt of the approval of Competition Commission of India (CCI).

Shares of Future Retail settled 0.46 per cent lower at ₹423 apiece on BSE.

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