Future Capital IPO gets clearance from SEBI ~ IPO India: IPO News India, Latest IPO News from Share Market India, Indian IPO News

Thursday, December 27, 2007

Future Capital IPO gets clearance from SEBI

The initial public offering of Kishore Biyani's Future Capital Holdings has got clearance from SEBI, according to CNBC-TV18 quoting sources. The company is looking to raise Rs 400 crore through IPO.

Future Capital Holdings is offering 64.2 lakh shares via IPO and diluting 10.16% of equity. Promoters holding will reduced to 74% from current 83%.

Currently the listed Pantaloon holds 61%, which will come down to 55% post IPO. Kishore Biyani's stake will come down from 6.6% to 6% post IPO.

O(x)us Investments holds 8.6% in Future Capital. It has picked up stake in June 2007 at Rs 178 per share.

RHP is likely to be filled in the next 7-10 days.

Source: Moneycontrol.com

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