Moneycontrol PRO
HomeNewsBusinessStocksFuture Retail lists at Rs 153.40, locked at 5% upper circuit

Future Retail lists at Rs 153.40, locked at 5% upper circuit

Future Retail, the flagship company of Future Group, operates multiple retail formats in the hypermarket, supermarket and home segments through Big Bazzar, Easy Day, KB's, FBB, Food Bazzar, Foodhall, Home Town and ezone.

August 29, 2016 / 11:22 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Moneycontrol Bureau

    Multi-format retailer Future Retail shares started off first trade at Rs 153.40 on Monday against previous close of Rs 151.05 on the National Stock Exchange.

    The stock is locked at 5 percent upper circuit at Rs 161.05.

    The exchanges have fixed circuit limit of 5 percent for the stock as it is available for trading in T Group category.

    Retail business of the Future Group has been merged with Bharti Retail and then changed the name to Future Retail.

    Under the scheme of arrangement, the company was divided into Future Enterprises, which is a backend business, and Bharti Retail that is a fronted business.

    Future Retail, the flagship company of Future Group, operates multiple retail formats in the hypermarket, supermarket and home segments through Big Bazzar, Easy Day, KB's, FBB, Food Bazzar, Foodhall, Home Town and ezone.

    Accordingly, operations of these segments will pay lease rentals to backend entity Future Enterprises.

    Promoters held 48.82 percent stake in the company, including Future Corporate Resources' 37.66 percent shareholding as of July 25. Bharti Retail has stake 9.2 percent stake and FIIs have 22.5 percent shareholding.

    first published: Aug 29, 2016 10:53 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347