Future Capital acquires 50% stake in Kshitij Capital and 10% stake in Percept
Kishore Biryani promoted, Future Capital Holdings Ltd. has acquired the 50% stake held by Capital and Retail India in Kshitij Capital and Mall Management Pvt. Ltd.
Kshitij CapitaLand started as a 50:50 Joint Venture (JV) between Future Capital Holdings and CapitaLand Retail. Accordingly, Kshitij CapitaLand has become a wholly owned subsidiary of Future Capital Holdings.
In a separate release, the private equity arm of Future Capital, has acquired 10% stake in Percept, the flagship company of the Percept group, for nearly Rs 65 crore.
Percept, an entertainment, media and communications player has a presence in advertising, public relations, media communications, film and TV content production and distribution, talent management, sports and events marketing in India and West Asia.
The Future Capital Holdings Ltd stock closed the day at Rs 563.60, up by Rs 7.95 or 1.43%. The stock hit an intraday high of Rs 566.50 and low of Rs 550.