Future Enterprises Ltd. News and Updates

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Future Enterprises Ltd.

01 Jul 2022

0.60

-1.64%

Future Enterprises defaults on Rs 6.15 cr interest payment for NCDs

Business Standard

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

Future Enterprises Ltd. has lost -28.57% in the last 1 Year

Future Enterprises Ltd.

26 Jun 2022

0.60

-1.64%

Debt-ridden Future Enterprises defaults on Rs 4.10 cr interest payment for NCDs

Business Today

"The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on June 24, 2022," FEL said in a regulatory filing.

Future Enterprises Ltd. is trading below its 200 day SMA of 0.6

Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs

Business Standard | 25 Jun 2022 1 more

Future Enterprises Ltd.

21 Jun 2022, 06:31PM

0.60

-1.64%

Future Enterprises defaults on NCD payment worth Rs 6.07 cr

Business Today

The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on June 20, 2022, the Kishore Biyani led firm said in its regulatory filing.

Future Enterprises Ltd. has lost -28.57% in the last 1 Year

Future Enterprises Ltd.

08 Jun 2022

0.60

-1.64%

Future Enterprises defaults on Rs 1.41 cr interest payment for NCDs

Business Standard

The latest default is on the interest of securities issued for a sum of Rs 29 crore

Future Enterprises Ltd. is trading above its 150 day SMA of 0.6

Future Enterprises Ltd.

27 May 2022

0.60

-1.64%

FRL denies Amazon's allegation of 'fraudulent stratagem' by independent directors

Business Today

Last week, Amazon had accused FRL's independent directors of facilitating a "fraudulent stratagem" of transfer of 835 stores to Reliance Retail Venture. FRL said Amazon has been writing to various regulators on one or the other point related to the company and has been making "baseless, irrelevant allegations".

Future Enterprises Ltd. is trading above its 150 day SMA of 0.6

Future Enterprises Ltd.

25 May 2022

0.60

-1.64%

4 Future Group companies to not release results for Jan-March quarter

Business Standard

In April, Future Enterprises Ltd's two independent directors Anand Chndrasekaran and Malini Chopra had resigned

Future Enterprises Ltd. is trading above its 150 day SMA of 0.6

Future Enterprises Ltd.

06 May 2022

0.60

-1.64%

Future Group sells 25% stake in FGIICL to JV partner Generali for Rs 1,266 crore

Moneycontrol

After receiving mandatory approvals from the government and key regulators, the sale of a 25 per cent share took place on Thursday, a regulatory filing by Future Enterprises Ltd (FEL) said.

Future Enterprises Ltd. has lost -28.57% in the last 1 Year

Future Enterprises sells 25% stake in joint venture insurance firm

Business Standard | 06 May 2022 1 more

Future Enterprises Ltd.

25 Apr 2022

0.60

-1.64%

FRL lenders hold corporate guarantee from defaulter Future Enterprises

Business Today

The state-owned Bank of India, the leading lender to FRL, has already approached the National Company Law Tribunal (NCLT) for a resolution under the Insolvency and Bankruptcy Code (IBC).

Future Enterprises Ltd. is trading below its 200 day SMA of 0.6

Future Enterprises Ltd.

23 Apr 2022

0.60

-1.64%

Future Enterprises defaults on Rs 2,911.51 cr loan repayments

Business Standard

Future Enterprise Ltd (FEL) has defaulted on repayment of Rs 2,911.51 crore of loans to its lenders, missing 30 days of review period. The company was required to pay an aggregate amount of Rs 2,911.51 crore between March 23 and March 31, 2022, to various consortium banks and lenders, a regulatory filing said. The Kishore Biyani-led Future group had a review period of 30 days as per the scheme of One Time Restructuring (OTR) for COVID-hit companies with its consortium of banks. "The Company was unable to discharge the above Obligations to Banks / Lenders under the review period of 30 days, as the Company was not able to complete the monetisation of the specified investments as contemplated in OTR Plan (as defined the said Agreement), on Due Dates," said a regulatory filing from FEL. The filing showed that it defaulted on payments on March 31. FEL's total financial Indebtedness of the listed entity including short-term and long-term debt is Rs 6,778.29 crore, the filing added. Ear