Future Consumer Share price

The Company was originally incorporated as Subhikshith Finance & Investments Limited on July 10 1996 andcommenced business on August 2 1996 in Tamil Nadu. The RBI granted a certificate of registration dated March 91998 permitting the Company to carry on the business of a NBFC as a "non-deposit taking company." TheCompany became a private limited company on August 10 2001 and its name was consequently changed toSubhikshith Finance & Investments Private Limited ("Subhikshith"). The Registrar of Companies Tamil Naduissued a fresh certificate of incorporation on September 17 2001. The RBI granted a certificate of registration datedJune 18 2007 consequent to the change of name permitting the Company to carry on the business of a NBFC as a"non-deposit taking company." The Company was engaged in the business of granting loans and financing.On July 14 2007 Pantaloon Future Ventures Limited ("PFVL") (name has been changed to Future Value RetailLimited on November 16 2009) the wholly owned subsidiary of Pantaloon Retail (India) Limited acquired 293700Equity Shares of face value ` 10 each constituting 100% of the total issued subscribed and paid-up share capital ofSubhikshith through a share purchase agreement dated July 3 2007 between PFVL R. Sankar V. Thirumalai andSubhikshith . In consideration of the purchase PFVL paid an aggregate sum of ` 58 lakhs to R. Sankar and VThirumalai. Pursuant to the acquisition Subhikshith became a wholly owned subsidiary of PFVL.The Company changed its name from Subhikshith Finance & Investments Private Limited to Future Ventures IndiaPrivate Limited through a special resolution passed at the EGM of the Company held on July 19 2007. The freshcertificate of incorporation consequent on change of name was granted by the ROC to the Company on August 92007. Further upon ceasing to be a private limited company the word private was deleted through a specialresolution at the EGM of the Company held on August 10 2007. The fresh certificate of incorporation consequent tothe change of name was granted by the ROC to the Company on September 7 2007.Major EventsFiscal Year1996Incorporated as Subhikshith Finance & Investments Limited.1997Granted certificate of registration by the RBI to carry on the business of an NBFC as a "non-deposittaking company."2001Converted from a public limited company to a private limited company.2007RBI granted a fresh certificate of registration to carry on business of a NBFC as a "non-deposittaking company" on change of name to Subhikshith Finance & Investments Private Limited.Subhikshith Finance & Investments Private Limited became a wholly-owned subsidiary ofPantaloon Future Ventures Limited (now known as Future Value Retail Limited). The name ofthe Company was changed to Future Ventures India Private Limited.Company was converted to a public limited company and the name of the Company waschanged to Future Ventures India Limited.RBI granted a fresh certificate of registration to carry on the business of a NBFC as a "nondeposittaking company" on change of name to Future Ventures India Limited.Company entered into agreements to purchase securities of Biba Apparels Private LimitedSankalp Retail Value Stores Private Limited and SSIPL Retail Private Limited.2008Company entered into agreements to purchase securities of Footmart Retail (India) LimitedConvergem Communications (India) Limited Aadhaar Retailing Limited Indus-LeagueClothing Limited Lee Cooper (India) Limited Celio Future Fashions Limited Indus Tree CraftsPrivate Limited AND Designs India Limited Turtle Limited subject to completion of conditionsprecedent.Company entered into a consulting and advisory services agreement with Future CapitalHoldings Limited.Company opted for conversion of 7000 fully convertible debentures into equity shares of BibaApparels Private Limited.2009Company entered into an agreement for purchase of securities of Star Shopping Centres PrivateLimited.The registered office of the Company was shifted from the State of Tamil Nadu to the State ofMaharashtra.Company made investments in the equity shares and preference shares of Lee Cooper (India)Limited.Company increased its stake in Indus-League Clothing Limited and AND Designs India Limited.Company made investments in Holii Accessories Private Limited.2010Company transferred its entire shareholding in Celio Future Fashions Limited Lee Cooper(India) Limited and Turtle Limited in favour of Indus-League Clothing Limited a subsidiary ofthe Company.Company transferred its entire shareholding in Star Shopping Centres Private Limited in favourof Future Realtors (India) Private Limited and divested its stake in the aforesaid company inJuly 2010.Company transferred its entire shareholding in Sankalp Retail Value Stores Private Limited andFoot Mart Retail India Limited to Juhi?s Idea Mercantile Private Limited and BlessingsMercantile Private Limited respectively.Company made investments in the equity shares of Capital Foods Exportts Private LimitedFuture Consumer Enterprises Limited and Future Consumer Products Limited and increased itsshareholding in Indus-League Clothing Limited and Indus Tree Crafts Private Limited.Company issued Equity Shares increasing the paid-up equity share capital of the Company by45740 lakhs.Company subscribed to 9200 equity shares issued by BIBA Apparels Private Limited.Company entered into a share purchase agreement with Sanjay Bindra for purchase of 11750equity shares of BIBA Apparels Private Limited.Company entered into a share transfer cum purchase agreement with Sanjay Bindra PunitaBindra Siddharth Bindra and Meena Bindra for purchase of up to 94000 equity shares of BIBAApparels Private Limited.Company acquired 250000 equity shares of Indus-League Clothing Limited from PantaloonEmployees Welfare Trust.2011Company subscribed to 1000000 equity shares issued by Holii Accessories Private Limited.Company subscribed to 1750000 equity shares issued by Aadhaar Retailing Limited.Company entered into a share subscription agreement and a shareholders? agreement withIdream Holdings Private Limited Shripal Morakhia Samir Patil and Amar Chitra Katha PrivateLimited for subscribing to 122598 equity shares of Amar Chitra Katha Private Limited.Company transferred its entire shareholding in SSIPL Retail Private Limited to its subsidiaryIndus-League Clothing Limited.