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Future Enterprises Limited (FEL) to sell 16% stake in Future Lifestyle for Rs 380 crore

Future Enterprises,carved out of restructuring of Kishor Biyani led Future group, will be selling 16% stake in Future Lifestyle for Rs 380 crore. The erstwhile Future Retail Limited (E-FRL), the flagship company of the Future Group was split into two separate entities including Future Retail and FEL. As per the arrangement, Future Retail is involved in carrying out retail trade whereas all infrastructure assets are owned by FEL

Future Enterprises (FEL) has declared to the stock exchanges regarding their plans . Valued at around Rs 800 crore at the current market price, FEL generates over Rs 1000 crore EBITDA (Earnings Before Interest Tax Depreciation and Amortisation) from its real-estate and rental logistic business. FEL has over Rs 4500 crore worth of investments and a debt of equal amount. Market analysts said the company plans to monetize all its investments over the years. 

· Company plan to sell part holding in Future Holding in Future Supply Chain Solutions (FSCSL

• Current value of its investment in FSCSL is Rs 1,015 crore 
• 12.5 per cent stake sale of FSCSL has been announced. 
• Post -sale of 12.75% stake of FSCSL, Future Enterprises will continue to be holding company of FSCSL and hold majority stake of 57.42% in FSCSL. 
• Company plans to bring IPO of FSCSL after 4 years. 

· After 24 months company planned monetization of stakes is in Future Consumer Enterprise (FCEL) while Future Lifestyle Fashions has already been announced. 

• The current value of 9 per cent stake holding in FCEL is Rs 325 crore 

· In 2-4 years company planned to exit its 60% stake in Staples currently valued at 120 cr. 
· In 2-4 years, company planned to exit its 39% stake in Apollo & Goldmohur Mills currently valued at 550 cr. 

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