The board of directors of Future Lifestyle Fashions Ltd (FLFL) on Thursday approved fund-raising plans to the tune of ₹613 crore from IFC and a promoter entity. The board has considered and approved the issue of 51.45 lakh shares of the company at an issue price of ₹414 a share, aggregating to ₹213 crore on preferential basis to International Finance Corporation, a registered foreign portfolio investor. The board has also approved issue of 96.62 lakh shares at an issue price of ₹414, aggregating to ₹400 crore on preferential basis to FQS Trading Pvt Ltd, a promoter group entity.