Future Retail to raise ₹1,500 crore

In a bid to replace its high cost loans, Future Retail is seeking approval from its shareholders for raising up to ₹1,500 crore through issue of non-convertible debentures on private placement basis. "The amount to be raised by the way of issuing non-convertible debentures (NCD) on a private placement basis however shall not exceed ₹1,500 crore in aggregate," the BSE filing said.