Sebi seeks clarification on Future Retail's rights
issue
20/08/2014 14:59
Sebi has sought clarification from Future Retail regarding the company's proposed Rs 1,600 crore rights issue, reported PTI. Without disclosing the details of the clarifications sought, Sebi has said that “clarifications (are) awaited from lead manager” for the proposed rights issue. As per the latest weekly update to the processing status of draft offer documents filed with Sebi, the regulator has said clarifications were awaited on the proposed rights issue of Future Retail as on August 15 this year. Market regulator said that it might issue observations on Future Retail document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought from them. The regulator had received the draft offer documents on July 22, this year through its lead manager Axis Capital. The company's proposed rights issue is estimated to raise up to Rs 1,600 crore.
20/08/2014 14:59
Sebi has sought clarification from Future Retail regarding the company's proposed Rs 1,600 crore rights issue, reported PTI. Without disclosing the details of the clarifications sought, Sebi has said that “clarifications (are) awaited from lead manager” for the proposed rights issue. As per the latest weekly update to the processing status of draft offer documents filed with Sebi, the regulator has said clarifications were awaited on the proposed rights issue of Future Retail as on August 15 this year. Market regulator said that it might issue observations on Future Retail document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought from them. The regulator had received the draft offer documents on July 22, this year through its lead manager Axis Capital. The company's proposed rights issue is estimated to raise up to Rs 1,600 crore.
