Page 2 of Future Group

Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs

The debentures are secured and have a coupon rate of 10.25 per cent per annum.

June 25, 2022 17:22 IST

Previously on May 14, FEL failed to make an interest payment of Rs 8.94 lakh due on NCDs.

Future Enterprises defaults on interest payment

The interest payment was due for 182 days between December 20, 2021 and June 20, 2022, for a principal amount…

June 23, 2022 02:15 IST

Earlier in April, FRL’s lenders selected Vijaykumar Iyer, backed by Deloitte India, as the IRP for Kishore Biyani-led retail chain’s bankruptcy proceedings.

Future Retail asks NCLT for a new RP

The proposed IRP – Deloitte – is also an auditor for certain other Future Group companies, and hence a new…

June 22, 2022 03:00 IST

Amazon share, stock-split, price, valuations, investors, return, performance,

Amazon warns Future Group against entering into fresh deals with Reliance

FRL had also entered into an agreement dated April 26, 2021, to monetise small-format stores for Rs 3,000 crore. Even…

June 8, 2022 06:00 IST

Future Enterprises defaults on interest payment

The company is unable to service its obligations in respect of the interest on NCDs due on June 6, 2022.

June 8, 2022 03:00 IST

Promoters’ holdings in Future Group firms dip

In 2020, Future Group entered into a deal with Reliance Retail, a subsidiary of Reliance Industries (RIL), to sell its…

June 6, 2022 03:30 IST

Unable to declare Q4 earnings before May 30 deadline, say three Future Group firms

Future Enterprises (FEL), Future Retail (FRL) and Future Lifestyle Fashions (FLFL) said in separate regulatory updates that their present board…

May 25, 2022 03:40 IST

Future Enterprises defaults on interest payment

Future Enterprises (FEL), part of the beleaguered Future Group, on Wednesday said it defaulted on interest payment of Rs 1.06…

May 19, 2022 01:05 IST

The company’s total amount issued through debt securities was at `200 crore, while the outstanding as of April 30 was at Rs 158.9 crore.

Future Consumer defaults on Rs 6.4 crore due on unlisted debt securities

The type of instruments included secured, redeemable and non-convertible debentures, and May 15 was the date of the default, the…

May 17, 2022 00:45 IST

Ashni Biyani’s resignation follows that of Rakesh Biyani, who resigned as managing director of another group company Future Retail a week ago. Along with Rakesh Biyani, other officials, including the company secretary, had also tendered their resignations.

Ashni Biyani resigns as managing director of Future Consumer

Biyani has resigned due to personal constraints and challenges, due to which she is unable to dedicate necessary time and…

May 13, 2022 02:45 IST

FEL develops, owns and leases retail infrastructure and also handles backend operations of Future Group’s retail business.

Future Enterprises defaults on repayment of NCD interest payment

The company was unable to service its obligations in respect of the principal and interest on NCDs due on May…

May 11, 2022 01:53 IST

Generali acquires 25% stake in Future Generali India Insurance from Future Group

Generali is the first international insurer to step-up to a majority shareholder position in its Indian joint venture since the…

May 7, 2022 18:11 IST

Total outstanding borrowings at Rs 4,543 crore: Future Enterprises

Earlier on Friday, three Future Group companies – Future Retail (FRL), Future Lifestyle Fashions (FLFL) and Future Supply Chain Solutions…

May 1, 2022 04:30 IST

Three Future Group firms’ total borrowings at Rs 6,475 crore

As of March 31, FRL had a total outstanding of Rs 4,876.88 crore, while that of FLFL was at Rs…

April 30, 2022 06:15 IST

IFCI notice against encumbrance of Future Brands’s assets

The notice said IFCI also holds an exclusive charge over four brands owned by the borrower – John Miller, Cleanmate,…

April 27, 2022 00:27 IST

In its December 17, 2021 order, the anti-trust regulator had said an approval granted to Amazon over two years earlier to acquire a 49% stake in Future Coupons (FCPL) would 'stand in abeyance,' as the firm suppressed information while seeking clearance. The CCI also imposed a Rs 202 crore penalty on Amazon.

NCLAT reserves order on Amazon plea in Future case

“Hearing is completed. The judgment is reserved,” said the two-member NCLAT bench comprising Justice M Venugopal and VP Singh.

April 26, 2022 00:30 IST

Reliance, kishore biyani, future group stocks

Kishore Biyani-led Future group stocks crash 20% after Reliance calls off Rs 24,713 cr deal with Future Retail

Future Retail, Future Enterprises, Future Supply Chain Solutions, and other Future group stocks crashed up to 20 per cent on…

April 25, 2022 13:08 IST

Stocks to watch, ril, icici bank, future retail

RIL, ICICI Bank, Future Group, HDFC Bank, PVR, Tejas Networks, GMDC stocks in focus

Reliance Industries has called off the deal to purchase the retail, wholesale, logistics and warehousing business of Future group after…

Updated: April 25, 2022 08:00 IST

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