The rating agency Care Ratings on May 29 had revised bank facilities of Future Consumer
and continues to be on credit watch with negative implications. The revision of ratings assigned to the bank facilities and instruments of Future Consumer primarily factors in continuous weakening of business and financial risk profile of its key customer which is also the flagship entity of the Future Group
i.e. Future Retail, it said.
“The increase in the volume of shares of the Company is purely driven by the market forces and is not within the control of the Company and we cannot comment on increase in volume of shares of the Company,” Future Retail
said on Thursday. The company made a clarification on query raised by the BSE related to increase in volume.