Future Capital Holdings has announced its second quarter results. The company's Q2 consolidated net profit was down at Rs 18.2 crore versus Rs 28.4 crore, year-on-year, YoY.
Firstcall Research is bullish on Future Capital Holdings and has recommended buy rating on the stock with a target of Rs 173 in its September 22, 2012 research report.
DeccanChronicle has touched an intraday high of Rs 14.20 and an intraday low of Rs 14.20. At 10:08 hrs the share was quoting at Rs 14.20, up Rs 0.65, or 4.80%. Futture Capital Holdings (FCHL) board reviewed loans given to Deccan Chronicle (DCH) aggregating Rs 170 crore.
Future Capital Holdings today said the open offer by US-based private equity firm Warburg Pincus for acquiring 26% stake in the company has been delayed as it has not received regulatory clearances.
Future Capital Holdings sold stake in subsidiary 'Myra Mall Mgmt' for Rs 98 crore, reports CNBC-TV18.
On July 03rd, 2012 Essay Commercial Resources Pvivate Limited has bought 1,279,103 shares of Future Capital Holdings at Rs 156.60 on the NSE. However, Sain Sameer Sushil has sold 1,279,103 shares at Rs 156.60.
On July 02, 2012 Essay Commercial Resources Pvivate Limited has bought 1,250,000 shares of Future Capital Holdings at Rs 156 on the NSE. However, Sain Sameer Sushil sold 1,250,000 shares at Rs 156 on the NSE.
Sameer Sain pulled Blue Foods out of debt and losses. He's now looking for hypergrowth
"It's not about what‘s the right thing to do. It‘s about what‘s the first thing you can do."
Kishore Biyani can sometimes get overly aggressive in betting on the future. He‘s also prone to occasional flights of fancy - and to top it all, often fails to pass the test on execution.
On June 05, 2011 Rajasthan Global Securities Ltd has bought 373,210 shares of Future Capital Holdings at Rs 150.91 on the BSE. However, bought 716,108 shares at Rs 150.83 on the NSE.
Rajesh Agarwal, Eastern Financiers is of the view that one should exit Future Capital Holdings.
Future Capital Holdings and Pantaloon Retail rallied 4-5% on Tuesday and gained 5-7% yesterday after Kishore Biyani, CEO, Pantaloon said Future Group had decided to sell its stake of 54% in Future Capital Holdings.
V Vaidynathan, CMD, Future Capital Holdings explains to CNBC-TV18‘s Kritika Saxena the details regarding the sale of stake to Warburg Pincus
Warburg Pincus will buy 53.67% stake in Future Capital Holdings from Future Group in 2 tranches. They will buy minimum of 40% stake in the company from Future Group and infuse Rs 100 crore equity into Future Capital, reports CNBC-TV18.
Shares in Future Capital Holdings surged 8.3%, heading to their highest single day percentage gain since April 30, as US private equity firm Warburg Pincus LLC is set to buy a majority holding in the company for USD 100-125 million from Pantaloon Retail India.
Future Capital Holdings deal is likely to be announced today, reports CNBC-TV18.
In an interview to CNBC-TV18, V Vaidyanathan, chairman and managing director of Future Capital Holdings says, Pantaloon's stake sale in the company is at an advanced stage. “It‘s the last stage is the best way to put it. You could look forward to some announcement sooner than later," he adds.
Private equity major Warburg Pincus is likely to acquire a controlling stake in Kishor Biyani's non-banking financial company, Future Capital Holdings by buying majority stake in Future Value Retail.
Future Capital Holdings' 2.5 crore shares representing 38.6% of equity of the company have changed hands at an average price of Rs 129.58 per share. The promoters hold 56.3% stake in the company.
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On April 03, 2012 Om Kedar Investments bought 730,000 shares of Future Capital Holdings at Rs 132.50 on the BSE. However, Shivanand Shankar Mankekar sold 730,000 shares at Rs 132.50 on the BSE. Yesterday the share closed at Rs 133.30
Brickwork Ratings (BWR) has assigned BWR AA- with Stable outlook for Future Capital Holdings (FCHL) proposed unsecured subordinated non convertible debenture issue of Rs 150 Cr.
By V Vaidyanathan, Vice Chairman & MD, Future Capital Holdings
Future Capital Holdings has reported a sales turnover of Rs 166.75 crore and a net profit of Rs 20.62 crore for the quarter ended Dec '11