Kishore Biyani's Future Enterprises announced defaulting on over ₹15.73 crore interest dues on non-convertible debentures. As per the regulatory filing, Future Enterprises defaulted on interest dues of more than ₹15.73 crore for period from March 21, 2022 to September 19, 2022. While the gross principal amount on which Future Enterprises defaulted is ₹327 crore --- of which ₹130.60 crore is …
Debt-ridden Future Enterprises Ltd. has defaulted on interest payment of ₹4.10 crore for its non-convertible debentures. “The company is unable to service its obligations in respect of the interest on non-convertible debentures was due on June 24, 2022,” it said. Earlier this week, FEL defaulted twice on interest payments of ₹85.71 lakh and ₹6.07 crore for its non-convertible debentures. FEL …
