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Future Enterprises drops as it defaults on payment of interest of Rs 12.75 crore on NCDs

20 Feb 2023 Evaluate
Future Enterprises is currently trading at Rs. 1.22, down by 0.05 points or 3.94% from its previous closing of Rs. 1.27 on the BSE.

The scrip opened at Rs. 1.25 and has touched a high and low of Rs. 1.26 and Rs. 1.22 respectively. So far 45221 shares were traded on the counter.

The BSE group 'Z' 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. 1.23 on 16-Feb-2023.

Last one week high and low of the scrip stood at Rs. 1.34 and Rs. 1.23 respectively. The current market cap of the company is Rs. 55.96 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 the payment of interest of Rs 12.75 crore on two non-convertible debentures (NCDs). The due date for payment was February 16, 2023. The debentures have a coupon rate of 9.60 per cent for both series. The Gross Principal amount on which the default has occurred is Rs 265 crore, which is Rs 106 crore for Series XVI - A and Rs 159 crore for Series XVI - B fund.

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

0.49 0.00 (0.00%)
16-Apr-2026 16:59 View Price Chart
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