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Future Retail has informed the BSE that a committee of directors of the company on Wednesday allotted 1,150 secured redeemable non-convertible debentures of ₹10 lakh each, carrying a coupon rate of 10.10 per cent on private placement basis. The company has raised ₹115 crore through the issue. The NCDs will be listed on the Wholesale Debt Market Segment of the BSE. These NCDs have been rated CARE AA- (Double A minus) by Credit Analysis & Research. Shares of Future Retail gained 3.7 per cent at ₹112.10 on the NSE.
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