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Future Lifestyle Fashions to raise over Rs 600cr from promoters, IFC

Future Lifestyle Fashions to raise over Rs 600cr from promoters, IFC

Thursday, February 20, 2020, 5:51 PM

Kishore Biyani-led Future Lifestyle Fashions on Thursday said its board has approved raising over Rs 610 crore from its promoters and IFC, which will be used for enhancing stake in subsidiaries and debt reduction. "The proposed fund raise from IFC and promoter entity, would be inter-alia utilised towards enhancing stake in subsidiaries and associates of FLFL and debt reduction," the company said.
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