Future Ventures

Future Venture Files DRHP With SEBI: Plans To Raise Rs. 3736 Crore Through IPO

Future Ventures India Ltd (FVIL), the venture capital arm of Kishore Biyani's Future Group, has finally filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Rs.3736 crore initial public offering (IPO).

The IPO comprises a net issue to the public of 266 crore equity shares and a reservation of up to 5 crore shares for employees and 2.5 crore shares for the shareholders of Pantaloon Retail. The net issue would constitute 66.52 per cent of the post issue paid up capital of the company.