Future Lifestyle Fashions Limited

Future Lifestyle Fashions has informed the exchanges that the company has increased its equity stake in Mineral Fashions Private Limited to 52.44 per cent from 49.62 per cent. The increase is the result of the conversion of compulsorily convertible debentures of MFPL held by Future Lifestyle Fashions into equity shares of MFPL on April 1. Consequently, MFPL has become a subsidiary of the company from April 1. MFPL is engaged in the business of manufacturing and retailing of clothing and fashion accessories under the brand ‘Mineral’. The stock of Future Lifestyle edged down 0.44 per cent at ₹79.15 on the BSE.