SP Tulsian of sptulsian.com shares his view on Future Capital .
Tulsian told CNBC-TV18, "Future Capital has gone up; it's very much likely because I don't think that there is any option before Kishore Biyani and in fact there is no synergy also. There have been failure- this stock has been wealth destroyer, the IPO came at Rs 875, maybe 3-4 years back, they have not been able to do anything."
He further added, "This is definitely very much on the card and probably that we will get to hear and if the FDI in retail has got delayed obviously with such a huge debt with the Future Group or with Pantaloon Group running into Rs 6000-7000 crore, I don't think that they are left with any other option and it would be very prudent on part of the Future Group also to exit from the business, but again this is very bad for the Deccan Chronicle people. You feel that they have no any clear cut policies defined for the group and all that. It is learned that they are exiting from Deccan Charger. Part of that fund will get used for acquiring Future Capital. I don't think whether that's really fits in their synergy. Maybe the south based promoters are attracted towards the lending business, with the gold lending as the prime focus, but I don't know whether that would really be seen as positive for Deccan Chronicle , but, yes, sell by the Future Capital will definitely be positive for the company and for the group."
