Future Retail trades higher on the BSE
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 Retail is currently trading at Rs. 48.90, up by 0.25 points or 0.51% from its previous closing of Rs. 48.65 on the BSE.
The scrip opened at Rs. 48.65 and has touched a high and low of Rs. 49.30 and Rs. 47.55 respectively. So far 238478 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 89.50 on 25-Jan-2021 and a 52 week low of Rs. 40.60 on 01-Apr-2021.
Last one week high and low of the scrip stood at Rs. 51.85 and Rs. 48.35 respectively. The current market cap of the company is Rs. 2632.79 crore.
The promoters holding in the company stood at 18.24% while Institutions and Non-Institutions held 10.06% and 71.70% respectively.
Due to weakening of liquidity position, Future Retail has missed payment of interest due on the dollar denominated notes (USD Notes), listed on Singapore Stock Exchange. The terms of issuance of the USD Notes provides for an additional period of 30 days for payment of interest from the due date, in case the company misses the original due date.
The company is proposing to make payment of the interest within additional period of 30 days from the interest due date on the USD Notes. The Senior Secured Notes notes had an interest on 5.60 per cent and due in 2025.
Earlier, this month the company had missed the ‘Due Date’ for payment of Rs 3,494.56 crore to the banks as it failed to sell its assets due to its ongoing litigation with amazon impacting its monetisation plans.
Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.
