Future Enterprises touches lower circuit on defaulting on interest payments of NCDs

23 Sep 2020 Evaluate

Future Enterprises is currently trading at its lower circuit limit of Rs. 12.35, down by 0.65 points or 5.00% from its previous closing of Rs. 13.00 on the BSE.

The scrip opened at Rs. 12.80 and has touched a high and low of Rs. 13.20 and Rs. 12.35 respectively. So far 683729 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 29.55 on 05-Nov-2019 and a 52 week low of Rs. 7.55 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 15.00 and Rs. 12.35 respectively. The current market cap of the company is Rs. 561.84 crore.

The promoters holding in the company stood at 50.11%, while Institutions and Non-Institutions held 3.83% and 46.07% respectively.

Future Enterprises has defaulted on interest payments of Rs 15.86 crore for its Non-Convertible Debentures (NCDs). The company has defaulted on interest payment of Rs 15.86 crore for a gross principal amount of Rs 327 crore. The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures due on September 20, 2020, since September 20, 2020 was holiday, interest was due on September 21, 2020. Earlier, the company had defaulted on debt repayment towards commercial paper.

Future Enterprises develops, owns and leases the retail infrastructure for the Group. The company also holds the Group’s investments in subsidiaries and joint ventures including insurance, textile manufacturing, supply chain and logistics.

Future Enterprises Share Price

0.72 -0.01 (-1.37%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 4529.35
Aditya Birla Fashion 205.50
Trent 3961.80
Future Retail 2.05
Electronics Mart Ind 191.00
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