FCL Tradevest Pvt Ltd, a wholly owned subsidiary of Future Consumer Ltd, has completed the acquisition of the balance stake of 0.07 per cent in Integrated Food Park Limited.
IFPL has become a wholly-owned subsidiary of FCL Tradevest and continues to be a step-down subsidiary of the company, FCL Tradevest said.
Future Consumer, in its annual report for 2020-21, said it expects consumer behaviour to be completely shifted to online shopping due to COVID 19 and will remain that way in the long term. The company is focusing on making all business and brand activities Digital First by changing the orientation of all business and brand activities.
The company believes that habits formed in current times will tend to stay in the long term as well. It's been agile to adapt to make sure your company's portfolio commands leading shares in the online basket, according to the company.
The company stock closed at 6.95 on the National Stock Exchange, 0.15 or 2.11 per cent down.