Future Lifestyle seeks approval of members for sale of assets
New Delhi, Sep 12 (PTI) Future Lifestyle Fashion Limited (FLFL) has sought permission from members for sale of retail assets of its stores.
The company will use the proceeds from this sale to pay off debt and other operating liabilities.
As per the postal ballot notice submitted by FLFL to the stock exchanges, the Future Group company is conducting an e-voting, which will commence on September 14 and end on October 13, 2022.
The company has sought permission for sale, lease, rent, transfer or disposal of immovable properties (in-store retail infra assets) lying in non-operating stores.
