The Future Lifestyle Fashions Ltd, the listed fashion arm of the Kishore Biyani-led Future Group, has been seeking to raise funds for quite some time now!
Finally on 26 August, it announced of successfully securing shareholders’ approval to raise Rs. 300 crore by issuing equity shares to Apollo India Private Equity IV (Mauritius) Ltd. on a preferential basis.
The company has received approval to issue 64.79 lakh equity shares of face value of Rs. 2 each at an ‘issue price of Rs. 463/- per equity share (including premium of Rs. 461/- per equity share) on preferential basis’ to Apollo India, in an Extraordinary General Meeting held this Monday.
The proposal was passed by a majority 99.99 per cent votes in favour on votes polled, the company said in a regulatory filing.
Besides, it also gets approval to increase in limits for making investments, giving loans and guarantees or providing security.
Bharat Tex Special Report 2026 
