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Arisaig India Fund Ltd has minimize its stake in Future Consumer by 2% by promoting 3.84 crore shares in the open market.
According to a BSE submitting, Arisaig India Fund offloaded 3.84 crore shares, or 2% stake, on July 13. Based on the weighted common value of the inventory at ₹11.63 per scrip on July 13, Arisaig India Fund’s stake sale can be for an estimated worth of ₹44.65 crore.
Arisaig India Fund decreased its shareholding in the corporate from 5.16% to three.16%.
Last week, Future Consumer Ltd reported a consolidated web lack of ₹175.46 crore for the quarter ended March 2020. The firm had reported a web revenue of ₹7.53 crore in the January-March interval of the earlier monetary yr. Its income from operations slipped 8.70% to ₹947.07 crore, towards ₹1,037.37 crore earlier.
The firm is engaged in the enterprise of sourcing, manufacturing and advertising and marketing fast-moving consumer goods (FMCG) and processed meals merchandise.
Future Consumer’s shares have been buying and selling 3.10% larger at ₹11.65 apiece on the BSE throughout the day.
This story has been revealed from a wire company feed with out modifications to the textual content.
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