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Future Enterprises defaults payment of interest on NCDs

14 Apr 2021 Evaluate
Future Enterprises has defaulted on payment of interest on non-convertible debentures (NCDs). The company is unable to service its obligations in respect of the interest on NCDs due on April 12, 2021.

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. 

Peers
Company Name CMP
Avenue Supermarts 3809.70
Trent 2597.40
Vishal Mega Mart 99.60
PN Gadgil Jewellers 581.90
Aditya Birla Life 74.43
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