Future Consumer Limited (BSE:533400) agreed to acquire remaining 10% stake in Future Consumer Products Limited on February 6, 2019. The consideration will be paid in cash. Future Consumer Products Limited reported turnover of INR 8.6 million for the year ended March 31, 2018 and net liabilities of INR 3.2 million as of March 31, 2018. Post completion, Future Consumer Products Limited will become wholly owned subsidiary of Future Consumer Limited. The transaction is subject to completion of binding agreement. The transaction is approved by the Board of Future Consumer Limited. The acquisition is expected to complete in the first quarter of 2019.