Future Enterprises declines on defaulting payment of interest of Rs 6.07 crore for NCDs
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Future Enterprises is currently trading at Rs. 2.79, down by 0.01 points or 0.36% from its previous closing of Rs. 2.80 on the BSE.
The scrip opened at Rs. 2.67 and has touched a high and low of Rs. 2.92 and Rs. 2.66 respectively. So far 726143 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 12.98 on 22-Jun-2021 and a 52 week low of Rs. 2.32 on 06-Jun-2022.
Last one week high and low of the scrip stood at Rs. 3.59 and Rs. 2.66 respectively. The current market cap of the company is Rs. 128.75 crore.
The promoters holding in the company stood at 17.03%, while Institutions and Non-Institutions held 0.76% and 82.21% respectively.
Future Enterprises (FEL) has defaulted on payment of interest of Rs 6.07 crore for its non-convertible debentures (NCDs). The company is unable to service its obligations in respect of the interest on NCDs was due on June 20, 2022. The company has defaulted on interest payment for the period between December 20, 2021 to June 19, 2022. The debentures are secured and have a coupon rate of 10.15 per cent per annum.
Future Enterprises develops, owns and leases the retail infrastructure for the Group. The company also holds the Group’s investments in subsidiaries and joint ventures including insurance, textile manufacturing, supply chain and logistics.
