Future group may IPO eye Rs 750 cr

Aug 17, 2010 |

Correspondent

An unit of Future Group, which runs the country’s top listed retailer Pantaloon Retail, is looking to raise as much as Rs 750 crore through an IPO, according to a draft prospectus. Future Ventures, the investment arm of Future Group, plans to use the proceeds of the offering to build, invest in or acquire businesses in India’s growing “consumption-led” sectors, said the prospectus posted on the issue managers’ websites.
Enam Securities, JM Financial and Kotak Mahindra Capital are book running lead managers for the offering. Future Capital Holdings , had intended to float Future Ventures in 2008, but the process was delayed in the wake of the financial crisis.

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