The food company will issue compulsorily convertible debentures (CCDs) of face value Rs 100,000 per CCD to Black River Food 2 Pte Ltd, a wholly owned subsidiary of Food Fund.'

The Future Group company will raise USD 10 million through an issue of warrants to its promoters.

The primary purpose of the fund-raising is to finance various expansion plans and business initiatives of Future Consumer Enterprise (FCEL) and improvement of costs and maturity profile of existing debt.

FCEL is an integrated food company with operations that range from sourcing of basic food items such as (rice, wheat, spices and pulses) grading, processing, packaging and turning these and more categories (dairy and bakery, juices, frozen foods, snacks, ready to eat meals, dips and sauces) into brand.

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