Mumbai:  Kishore Biyani-promoted Future Retail has filed initial papers with market regulator Sebi to raise up to Rs 1,600 crore through a rights issue.  As per the draft letter of offer of Future Retail filed with Sebi, the company would issue certain classes of shares to its public shareholders on a rights basis.  “Total proceeds from the issue of equity shares and class B shares would aggregate up to Rs 1,600 crore,” Future Retail said in the document. In a rights issue shares are issued to existing investors as per their holding at a pre-determined price and ratio.

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