Biyani To Exit Future Capital, In Talks With JP Morgan, KKR
Future Group is in talks with JP Morgan, KKR and Piramal Group to sell of it's NBFC - Future Capital Holdings Limited.
FCH was set up Kishore Biyani and Sameer Sain, who was earlier with Goldman Sachs.Pantaloon Retail holds 53.69% in the company, while Kishore Biyani holds 7.37%. Sameer Sain holds 7.5% and V Vaidyanathan has 2Mn convertible warrants. According to ET, Morgan Stanley is handling the mandate for Pantaloon.
According to ET, Morgan Stanley is handling the mandate for Pantaloon Retail.
Transaction Reference:
The company has a loan book of Rs.3,000 Cr. This includes both wholesale and mortgage loans. Its net worth is Rs 750 crore.
FCH was listed in February 2008. The issue price was Rs 765. The company’s stock closed at 139.90 on Friday — a fall of 81 per cent. The company's stock has fallen 35.6 per cent in the last one year.
Future Capital-Financial Performance
Future Capital-Stock Performance
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