Future Consumer Enterprise down 3%; plans to raise funds

The company has announced that it is planning to raise USD 55m (Rs. 3,685 million) through the Preferential issue of CCDs and Warrants

Future Consumer Enterprise Ltd plunged 3% to Rs.25.40 on BSE. The company has announced that it is planning to raise USD 55m (Rs. 3,685 million) through the Preferential issue of CCDs and Warrants.

The scrip opened at Rs. 26.65 and has touched a high and low of Rs. 26.65 and Rs. 25 respectively. So far 6305707(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4342.5 crore.

The BSE group 'B' stock of face value Rs. 6 has touched a 52 week high of Rs. 27.25 on 23-Dec-2015 and a 52 week low of Rs. 10.01 on 24-Dec-2014. Last one week high and low of the scrip stood at Rs. 27.25 and Rs. 23.4 respectively.

The promoters holding in the company stood at 43.58 % while Institutions and Non-Institutions held 18.58 % and 37.84 % respectively.

The stock is currently trading below its 50 DMA.