Future Consumer increases stake in Amar Chitra Katha to 68.72%

17 Jan 2022 , 10:10 AM

Total 13,20,159 equity shares of Amar Chitra Katha Private Limited (ACKPL) having face value Re1 per equity share have been allotted to Future Consumer Limited has allotted on January 14, 2022, at a premium of Rs376/- per equity share, consequent to the conversion of 4,977 Compulsorily Convertible Debentures (CCDs) originally allotted to the Company.

The said CCDs have been converted by ACKPL in accordance with the terms of issue of CCDs, being eligible for full conversion into equity shares after the expiry of the period of three years, the company said in a filing on Saturday.

Post allotment of the equity shares, the Company holds 68.72% of paid equity share capital of ACKPL and accordingly ACKPL has now become a subsidiary of the Company.

At around 10.14 am, Future Consumer Ltd was trading at Rs7.66 per share up by Rs0.01 or 0.13% from its previous closing of Rs7.65 per share on the BSE.