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Future Enterprises fall on defaulting on interest payment of Rs 86.18 lakh for NCDs

23 Dec 2022 Evaluate

Future Enterprises is currently trading at Rs. 1.61, down by 0.04 points or -2.42% from its previous closing of Rs. 1.65 on the BSE.

The scrip opened at Rs. 1.70 and has touched a high and low of Rs. 1.70 and Rs. 1.60 respectively. So far 71617 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 11.00 on 02-Mar-2022 and a 52 week low of Rs. 1.42 on 19-Dec-2022.

Last one week high and low of the scrip stood at Rs. 1.89 and Rs. 1.42 respectively. The current market cap of the company is Rs. 73.70 crore.

The promoters holding in the company stood at 16.37% while Institutions and Non-Institutions held 0.60% and 83.03% respectively.

Future Enterprises (FEL) has defaulted on interest payment of Rs 86.18 lakh for its non-convertible debentures (NCDs). The due date for payment was December 21, 2022. The debentures have a coupon rate of 9.55 per cent per annum.

FEL has defaulted on interest payments for the period from June 21, 2022, to December 20, 2022. The total amount of securities issued was Rs 18 crore. Lenders of FEL have also appointed an auditor for conducting a forensic audit of the firm. In recent times, the company has defaulted on payment of interest on several non-convertible debentures.

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.

Future Enterprises Share Price

0.50 0.01 (2.04%)
17-Apr-2026 16:59 View Price Chart
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