Future Enterprises (FEL) has defaulted on payment of interest of Rs 85.71 lakh for its non-convertible debentures (NCDs). The due date for payment was June 21, 2022. The latest default is on the interest of securities issued for a sum of Rs 18 crore. FEL has defaulted on interest payment for the period between December 20, 2021, to June 20, 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.
