Own a part of Pantaloon’s non-retail business.

Future Group would be coming out with an IPO of its asset management and consumer credit business, Future Capital Holdings to raise money for its expansion plans. It would be Future Group’s only other listed unit after Pantaloon.
 
Pantaloon Retail has a 74% stake in Future Capital, US Hedge Fund, Och-Ziff Capital has a 10% stake while rest 16% is among top employees and co-promoter. Post IPO, Pantaloon’s stake may fall by 10%.Future Capital’s asset management business has around $1billion assets and have domestic and international real estate funds named Kshitij and Horizon respectively, a PE fund, Indivision and a hospitality fund. The consumer credit business called Future Money includes the personal lending business.

Through the public offer, Pantaloon could raise around Rs.2700 crore, which could be used in conjunction with its retail plans by building malls, providing loans on consumer goods and picking stakes in companies through PE Fund.

Pantaloon is also investing Rs.3250 crore in Pantaloon Future Ventures Ltd. which invests in new and innovative ventures. Pantaloon is raising Rs200 crore by issuing shares to private investors and another Rs.106 crore though warrants to promoters and employees.
 
Besides, another Future Group company, Future Brands is launching new brands in consumer durables, FMCG, appliances, apparel and personal care, and target them to convert into conventional brands.

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