Future Enterprises Ltd - Outcome of Committee Meeting

Future Enterprises Ltd has informed BSE that a meeting of the Committee of Directors of the Company was held on May 18, 2016. Pursuant to the Composite Scheme of Arrangement between the Company and the Bharti Retail Limited and their respective shareholders and creditors as approved by Hon'ble High Court of Judicature at Bombay made effective from May 01, 2016, and as authorised by the Board, the Committee allotted 4,34,78,261 equity shares of Rs. 2/- each as fully paid up to shareholders of Bharti Retail Limited.