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By
Fibre2Fashion
Published
May 11, 2016
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Future Group may sell FLF stake

By
Fibre2Fashion
Published
May 11, 2016

Future Lifestyle Fashions is one of the six investments in the Kishore Biyani-led Future Group which Future Enterprise Ltd is looking to monetise in each of the next five years to raise Rs 10,000 crore.


Future Lifestyle Fashions is one of the six investments in the Kishore Biyani-led Future Group. - Future Group



Future Lifestyle Fashions, Future Supply Chain Solutions, Future Consumer Enterprise, Future Generali India Insurance Co, Future Generali India Life Insurance Co, Apollo & Goldmohur Mills and Staples together are valued at present Rs 4,345 crore and are likely to be worth Rs 10,160 crore in the next 3-5 years, FEL said in an investor presentation.

"Target to at least monetise one investment per year over the next five years," it said.

The company claims that the plan has a potential realisation of Rs 10,000 crore. "Monetisation of only one or two investments has the potential to make FEL debt free. Beyond that any monetisation can lead to value creation for shareholders," it said.

In the next two to three years, FEL said it is looking at partial monetisation of stakes in Future Consumer Enterprise Ltd (FCEL) and Future Lifestyle Fashions (FLF).

The current value of 9 per cent stake holding in FCEL is Rs 325 crore while that 16 per cent holding in FLF is Rs 285 crore, according to the investor presentation.

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