FEL, which defaulted on payments to lenders and debenture holders in the last week of March, has a 30 day-curation period
The due date for payment of Rs 19.16 crore was March 28, FEL said in a regulatory filing
Future Enterprises Ltd on Thursday said it has defaulted on payment of Rs 93.99 crore to Punjab National Bank and Canara Bank under the one-time restructuring (OTR) plan.
Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.
Regulators order says it was not possible to quantify amount of disproportionate gain or unfair advantage or loss to investors due to firm's failure to make timely disclosures
A local court in Mumbai, following objections raised by some bold holders of Future companies, had last month put on hold the plan of the cash-starved Future Enterprises to sell 25% of its stake
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
IDBI Trusteeship went to court as it was representing certain foreign bondholders who subscribed to Future companies that had defaulted
Generali has also acquired an option to buy out the company's remaining interest in FGIICL, directly or through a nominee, at an agreed valuation subject to applicable regulatory approvals.
International company has the option to acquire the remaining interest of the debt-ridden Indian group in the general insurance business.
The Supreme Court Thursday reserved verdict on the pleas of e-commerce giant Amazon against the Rs 24,713 crore deal for merger of Future Retail Ltd (FRL) with Reliance Retail
Future Enterprises Ltd (FEL) has defaulted on payment of interest on non-convertible debentures (NCDs)
Says it has no locus standi in Future's plea to hold shareholder meeting; reserves order
Future Enterprises on Friday reported a consolidated net loss of Rs 294.95 crore for the third quarter ended December 31
This week, the Delhi High Court directed Biyani's flagship company to maintain the status quo on its Rs 24,713-crore deal to sell his business to Reliance
Earlier, Future Retail Limited lawyer had argued that the retail firm may go bust and thousands may lose jobs if the Future-Reliance deal does not go through
Under Bezos's leadership, Amazon identified India as a strategic market as early as 2013
In its petition, Amazon is said to have sought imprisonment of Future group promoters including Kishore Biyani for alleged violation of securities market rules
The Securities and Exchange Board of India (SEBI) allowed the deal with some riders, five months after it was announced last August