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Future Retail announces redemption of Rs. 1.5 billion convertibles
By Tali Rackner
Norfolk, Va., Aug. 22 – Future Retail Ltd. informed Bombay Stock Exchange that it has redeemed 1,500 convertible debentures of Rs. 1 million each for a total of Rs. 1.5 billion.
The convertibles were issued to Brand Equity Treaties Ltd.
Future Retail is a multi-format retailer based in Mumbai.
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