Future Consumer (FCL) has defaulted on the payment of Rs 51.85 crore towards principal and interest due on non-convertible debentures (NCDs). The date of default is August 15, 2022.
The default includes an interest amount of Rs 10.73 crore and a principal Amount of Rs 41.12 crore. The default is on the amount issued for a sum of Rs 200 crore. This was allocated on February 15, 2018, with a coupon rate of 11.07 per cent per annum.
Future Consumer is engaged in branding, marketing, sourcing, manufacturing, and distribution of a wide portfolio of established food, home/personal care brands.
