Future Enterprises (FEL) has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures (NCDs). The due date for payment of Rs 1.22 crore interest was April 13, 2022.
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.