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Future Enterprises defaults on Rs 6.15 cr interest payment for NCDs

The due date for payment was June 29, 2022, FEL said in a regulatory filing on Thursday

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For the three months ended December 2020, all Future group companies reported a combined revenue of Rs 3,228 crore and a loss of Rs 1,450 crore

Press Trust of India

2 min read Last Updated : Jul 01 2022 | 2:32 AM IST

Debt-ridden Future Enterprises Ltd (FEL) has announced another default, this time on payment of interest of Rs 6.15 crore for its non-convertible debentures.

The due date for payment was June 29, 2022, FEL said in a regulatory filing on Thursday.

"The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures...," it said.

This is the fifth default in June by the Kishore Biyani-led Future Group firm.

Last week, FEL had informed the exchanges about three defaults of Rs 4.10 crore, Rs 85.71 lakh and Rs 6.07 crore. All the amounts were interest payments for its non-convertible debentures.

FEL had

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Topics : Future Enterprises non-convertible debentures Future Group

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