With reference to the earlier letter dated April 06, 2016, Future Enterprises Ltd has now informed BSE that on June 28, 2016, Company has executed Shareholders Agreement and Share Purchase Agreement for sale of 14% equity shares (12.75% holding of the Company and 1.25% holding of management team) of Future Supply Chain Solutions Limited (FSCSL?), a subsidiary of the Company, to Griffin Partners Limited.
Post sale of 12.75% stake of FSCSL, the Company will continue to be holding company of FSCSL and hold majority stake of 57.42% in FSCSL.
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