Media company Bennett, Coleman & Co Ltd has sold its stake of Rs 4 crore representing 2.09 percent out of 6.33 percent stake in Future Consumer, through open market transactions.
After the transaction, Bennett, Coleman & Co Ltd’s holding in Future Consumer has come down to 4.25 percent.
In the quarter-end September 30, 2020, Future Consumer had reported a widening of consolidated loss to Rs 146.83 crore, as against a loss of Rs 16.75 crore in the same period last year. The company’s total income during the period under review fell sharply to Rs 244.89 crore as against Rs 1,127.17 crore in the year-ago period.
Future Consumer had said the COVID-19 pandemic has caused an adverse impact on its financials.