The company currently has investments in Future Supply Chain Solutions, Future Consumer Enterprise, Future Generali India Insurance Co, Future Generali India Life Insurance Co, Future Lifestyle Fashions, Apollo & Goldmohur Mills and Staples.
The investments together are valued at present Rs 4,345 crore and are likely to be worth Rs 10,160 crore in the next 3-5 years, FEL said in an investor presentation.
Target (is) to at least monetise one investment per year over the next five years, it said. Stating that the plan has a potential realisation of Rs 10,000 crore, the company said, Monetisation of only one or two investments has the potential to make FEL debt free.
Beyond that any monetisation can lead to value creation for shareholders.Giving a timeline of the planned monetisation of investments, the company said it is looking at a stake sale in Future Generali India Insurance, in which it holds 50 percent stake within the next 24 months.
The current value of the investment in the venture is pegged at Rs 1,500 crore. It is also looking to sell stake in Future Generali India Life Insurance Co, in which it has 27 percent stake currently valued at Rs 550 crore within the next two years.
Likewise, FEL said it is plans to sell 12.5 percent out of 70 percent holding in Future Supply Chain Solutions (FSC) within the next 12 months.
A well structured monetisation agenda is underway, the company said, adding that already 12.5 percent stake sale of FSC at a valuation of Rs 1,450 crore has been announced.
The company said the current value of its investment in FSC is Rs 1,015 crore and will look for an initial public offering of FSC in 4-6 years time.
In the next two to three years, FEL said it is looking at partial monetisation of stakes in Future Consumer Enterprise Ltd (FCEL) and Future Lifestyle Fashions (FLF).
The current value of 9 percent stake holding in FCEL is Rs 325 crore while that 16 percent holding in FLF is Rs 285 crore, according to the investor presentation.
FEL further said it is looking exit from Staples, in which it has 60 percent stake, in the next 2-4 years. The current value of investment in the company is pegged at Rs 120 crore.
Similarly, the company said it is also looking at a 2-4 year timeframe for monetisation of investment in Apollo & Goldmohur Mills, in which it has 39 percent holding at present valued at Rs 550 crore.
The company said its Marquee investments with present value of over Rs 4,400 crore adequately covers present loans of around Rs.4,400 crore.
The realisation from investments has a potential to more than double over 3-5 years, it added.