Company news: Future Market Networks

| Updated on August 28, 2019

Future Market Networks on Thursday said that it has transferred 51 per cent of the paid-up share capital held by the company in Gati Realtors Private Limited to ESR Nagpur 1 Pte Ltd. Accordingly, Gati Realtors Private Limited ceases to be a subsidiary of the company. Earlier in July, it said in order to construct, develop and sell integrated large-scale warehouses at Jhajjar and Nagpur aggregating to 1.3 million square feet, the company along with Gati Realtors Private Limited (SPV-1) and Future Retail Destination Limited (SPV-2), had entered into a strategic arrangement with ESR Nagpur 1 Pte and ESR Delhi 3 Pte Ltd (investor SPVs), respectively. The stock slumped 2.41 per cent at ₹28.30 on the BSE.

Published on August 28, 2019

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