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2 months ago
BRIEF-Future Market Networks to buy 50 pct stake in Future Retail Destination from IL&FS Township & Urban Assets
May 31, 2017 / 10:33 AM / 2 months ago

BRIEF-Future Market Networks to buy 50 pct stake in Future Retail Destination from IL&FS Township & Urban Assets

1 Min Read

May 31 (Reuters) - Future Market Networks Ltd

* Says executed a share purchase agreement with IL&FS Township and Urban Assets Limited (ITUAL)

* Says SPA to buy 50 percent equity share capital held by ITUAL in Future Retail Destination Limited

* Says FRDL shall become 100% subsidiary of company upon completion of transaction

* Says total consideration payable by company under SPA is INR 140 million Source text for Eikon: Further company coverage:

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