India’s Future Consumer to consider debentures at Dec. 26 meeting

By Tanya Meyer

Chicago, Dec. 23 – Future Consumer Enterprise Ltd. has informed the Bombay Stock Exchange that its board of directors will meet on Dec. 26 to consider the issuance of non-convertible debentures on a private placement basis.

The directors will also consider the realignment of the company’s food and fast-moving consumer goods distribution business through a franchisee agreement and the issuance of compulsory convertible debentures on a preferential basis.

Future Consumer Enterprise is a Mumbai, India-based sourcing-to-supermarket food company.

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