Future shopper Enterprise restricted (FCEL) these days same it'd raise Rs 134 large integer from the planet Bank's investment arm International Finance Corporation (IFC). FCEL, a region of Kishore-Biyani's Future cluster, has entered into associate degree agreement with United Nations agency and as a part of that it'd issue equity shares to the planet bank arm at a worth of Rs twenty two.73.
"The company has entered into associate degree investment agreement with United Nations agency dated legal holiday, 2016 for the planned issue of CCDs and equity shares to United Nations agency as per the terms and conditions in agreement beneath the same investments agreement," the longer term cluster same in an exceedingly regulative filing. "the shares planned to be issued to United Nations agency... shall rank {pari passu|at associate degree equal rate} (on an equal footing) with the equity shares of the company".
Moreover, as per the terms and condition of the agreement, United Nations agency would have a right to nominate one director on FCEL's board. United Nations agency may be a member of the planet Bank cluster and is that the largest international development establishment targeted solely on the non-public sector in developing countries. It offers investment, advisory, and plus management services to encourage non-public sector development in developing countries.
Read more at: http://dollaradvisory.com
"The company has entered into associate degree investment agreement with United Nations agency dated legal holiday, 2016 for the planned issue of CCDs and equity shares to United Nations agency as per the terms and conditions in agreement beneath the same investments agreement," the longer term cluster same in an exceedingly regulative filing. "the shares planned to be issued to United Nations agency... shall rank {pari passu|at associate degree equal rate} (on an equal footing) with the equity shares of the company".
Moreover, as per the terms and condition of the agreement, United Nations agency would have a right to nominate one director on FCEL's board. United Nations agency may be a member of the planet Bank cluster and is that the largest international development establishment targeted solely on the non-public sector in developing countries. It offers investment, advisory, and plus management services to encourage non-public sector development in developing countries.
Read more at: http://dollaradvisory.com
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