Future Enterprises (FEL) has defaulted on payment of interest of Rs 1.06 crore for its non-convertible debentures. The due date for payment was May 17, 2022. The latest default is on the interest of securities issued for a sum of Rs 23 crore.
FEL has defaulted on interest payment for the period between November 11, 2021 to May 16, 2022. The Kishore Biyani-led Future group firm has defaulted on several payments in last three months.
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.
