Future Retail Limited

rs,

2th October, 2019 I o_ .. Dept. of Corporate Services (CRD) BSE Limited Phirzoe Jeejeebhoy Towers, Dalal Street. Mumbai -400 001 To. Listing Department National Stock Exchan9e of India Limited

Rs.4,000

ited. 1. FRL proposes to purchase the in-store leased assets at fair value for a maximum amount of Rs.4,000cr resulting into -      Cessation of all corporate guarantees from FRL to FEL Lenders;

Rs. 650

ion of all corporate guarantees from FRL to FEL Lenders; Reduction in annual Lease rentals by upto Rs. 650cr; The fair value of the above shall be determined based on an independent valuation report back