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India

Future Supply Chain Solutions Ltd (FUTE.NS)

FUTE.NS on National Stock Exchange of India

474.00INR
1:53pm IST
Change (% chg)

Rs-1.80 (-0.38%)
Prev Close
Rs475.80
Open
Rs467.00
Day's High
Rs480.30
Day's Low
Rs462.60
Volume
2,911
Avg. Vol
12,461
52-wk High
Rs710.80
52-wk Low
Rs450.50

Latest Key Developments (Source: Significant Developments)

Nippon Express Says Agreed To Invest In Future Supply Chain Solutions
Tuesday, 24 Sep 2019 

Sept 24 (Reuters) - Nippon Express Co Ltd <9062.T>::CO THROUGH ITS SUBSIDIARY NIPPON EXPRESS AGREED TO MAKE AN INVESTMENT IN FUTURE SUPPLY CHAIN SOLUTIONS LIMITED.NIPPON EXPRESS CO - BOARD APPROVED SHARE SUBSCRIPTION AGREEMENT, SHAREHOLDER AGREEMENT WITH FSC AND SHARE PURCHASE AGREEMENT WITH SOME FSC SHAREHOLDERS.IMPACT OF INVESTMENT ON CONSOLIDATED PERFORMANCE OF COMPANY FOR FISCAL YEAR ENDING MARCH 2020 WILL BE MINOR.  Full Article

Future Supply Chain Solutions Stake To Be Bought By Nippon Express
Friday, 20 Sep 2019 

Sept 20 (Reuters) - Future Supply Chain Solutions Ltd ::NIPPON EXPRESS TO ACQUIRE 22% STAKE IN FUTURE SUPPLY CHAIN SOLUTIONS LTD.FSC WILL ISSUE 37,89,350 SHARES TO NIPPON EXPRESS AT A PRICE OF 664 RUPEES PER SHARE (22% PREMIUM ).THROUGH THIS PRIMARY ISSUE NIPPON EXPRESS WILL HOLD 8.6% STAKE ON A FULLY DILUTED BASIS.FSC WILL RAISE AROUND 2.52 BILLION RUPEES FOR FUNDING ITS NEAR‐TERM GROWTH PLANS.NIPPON ENTERED INTO A PACT WITH INSTITUTIONAL SHAREHOLDERS OF FSC TO ACQUIRE 5.9 MILLION SHARES.TRANSACTIONS WILL RESULT IN NIPPON EXPRESS OWNING A 22% STAKE IN FSC.NIPPON EXPRESS AND FSC PLAN TO EXPLORE SYNERGIES BETWEEN THE TWO ORGANIZATIONS.FSC AND NIPPON EXPRESS WILL JOINTLY EVALUATE LEVERAGING NIPPON EXPRESS’ COMPETENCY IN DIVERSE SECTORS.NIPPON EXPRESS WILL ALSO HAVE REPRESENTATION ON FSC’S BOARD OF DIRECTORS.FSC HAS CONVENED AN EGM ON OCTOBER 19TH 2019 AT MUMBAI FOR OBTAINING SHAREHOLDER APPROVA.  Full Article

India's Future Supply Chain Solutions June-Qtr Net Profit Drops
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Future Supply Chain Solutions Ltd ::JUNE QUARTER NET PROFIT 33.9 MILLION RUPEES VERSUS 97.1 MILLION RUPEES YEAR AGO.JUNE QUARTER REVENUE FROM OPERATIONS 2.99 BILLION RUPEES VERSUS 2.32 BILLION RUPEES YEAR AGO.  Full Article

Future Supply Chain Solutions Approves Divestment Of Vulcan Express
Tuesday, 14 May 2019 

May 14 (Reuters) - Future Supply Chain Solutions Ltd ::APPROVED DIVESTING/SALE UP TO 100% INVESTMENT HELD BY THE COMPANY IN VULCAN EXPRESS PRIVATE LIMITED.  Full Article

RBI Says FPI Investment Limit In Future Supply Chain Solutions Raised To 49 Pct
Monday, 9 Apr 2018 

April 9 (Reuters) - Reserve Bank of India::RAISES FOREIGN PORTFOLIO INVESTORS INVESTMENT LIMIT IN FUTURE SUPPLY CHAIN SOLUTIONS FROM 24 PERCENT TO 49 PERCENT OF CO'S PAID UP CAPITAL.  Full Article