Future Enterprises to hold meetings with shareholders, creditors in April

Move follows NCLT nod to Future Group firms to seek approval of scheme that allows Future Group to sell its retail, logistics and warehousing businesses to RIL

Future Enterprises Ltd will hold meetings with its shareholders and creditors in April after the National Company Law Tribunal (NCLT) passed an order allowing Future Group companies to convene and conduct meetings of its shareholders and creditors to seek their approval for the scheme which allows Future Group to sell its retail, logistics and warehousing businesses to Reliance Industries for almost Rs 25,000 crore, a deal it signed in 2020.

In a stock exchange filing, Future Enterprises said that it will hold a meeting of members of the company on April 20 and a meeting with its secured and unsecured creditors