Future Enterprises defaults on payment of interest of Rs 6.15 crore for NCDs
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Future Enterprises (FEL) has defaulted on payment of interest of Rs 6.15 crore for its non-convertible debentures (NCDs). The due date for payment was June 29, 2022. The latest default is on the interest of securities issued for a sum of Rs 60 crore.
FEL has defaulted on interest payment for the period between June 29, 2021 to June 28, 2022. Earlier, the company had defaulted on interest payment of Rs 4.10 crore for its non-convertible debentures (NCDs) which was due on June 24, 2022.
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.
