Corporate Announcement
Security Code : 533400    Company : FCONSUMER    
 
Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015Download PDF Download XBRL
  Exchange Received Time  27/09/2019 18:31:30         Exchange Disseminated Time   27/09/2019 18:31:34              Time Taken   00:00:04
Pursuant to the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI Regulations'), this is to inform you that FCL Tradevest Private Limited ('FCL Tradevest'), a wholly owned subsidiary of Future Consumer Limited ('the Company') has entered into definitive agreement and has acquired 50% stake in Genoa Rice Mills Private Limited ('Genoa') from the Joint Venture partner.

Pursuant to the same, Genoa has now become a wholly owned subsidiary of FCL Tradevest and consequently step down subsidiary of the Company.

Further, FCL Tradevest and Genoa has entered into a Termination Agreement dated 27th September, 2019, pursuant to which the Joint Venture Agreement stands terminated.

Kindly take the aforesaid on record in compliance with the provisions of the SEBI (Listing Regulations and Disclosures Requirements) Regulation, 2015, as amended and acknowledge receipt.
 

Disclaimer

Back To Announcements