Future Enterprises

The interim resolution professional (IRP) has received claims of Rs 7,014.83 crore from 22 secured financial creditors of FEL. A total of Rs 6,952.42 crore of claims have been admitted as of June 5, 2023.

Future Enterprises defaults on Rs 86.18 lakh interest payment for NCDs

FEL has defaulted on interest payments for the period from June 21, 2022, to December 20, 2022.

Future Enterprises defaults on principal amount of Rs 126.13 crore in September

New Delhi, Oct 30 Debt-ridden Future Enterprises has defaulted on a principal amount of Rs 126.13 crore in September, which includes payment obligation..

Future Enterprises defaults on Rs 8.98 cr interest payment for NCDs

This is the second default by FEL this week. Earlier on Wednesday, FEL had said it has defaulted on payment of interest on NCDs totalling Rs 9.16 crore.

Future Enterprises Q4 net loss widens to Rs 2,296 crore, revenue dips 13%

The company had posted a consolidated net loss of Rs 281.76 crore in the January-March quarter a year ago

Future Enterprises defaults on Rs 12.68 crore interest payment for NCDs

The due date for payment was August 17, 2022, FEL said in a regulatory filing.

Kotak Bank-backed ARC acquires Rs 1,470 crore loan portfolio from L&T Finance: Report

According to the report, L&T Finance sold the portfolio of four accounts for ₹980 crore, equating to a recovery of nearly 66 per cent.

Sebi sends Rs 5 lakh notice to Future Enterprises in disclosure lapses case

The notice came after the company failed to pay the fine imposed on it by the Securities and Exchange Board of India (Sebi).

Future Enterprises to raise Rs 3,000 crore from stake sale in insurance arm to avoid insolvency

Earlier on Thursday, Future Enterprises Ltd completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to joint venture partner Generali for Rs 1,266.07 crore.

Future Enterprises gets court nod for stake sale in Generali insurance venture

A Mumbai city court late last month put on hold Future’s planned sale of its 25 percent stake in Future Generali India Insurance Company to Generali for 12.52 billion rupees ($162.82 million), after a legal challenge from some bondholders of Future companies that had defaulted.

Amid market mayhem, Future Group stocks up 20%, locked in upper circuit

Future group stocks jumped after the Competition Commission of India on December 17 suspended its approval for Amazon’s 2019 deal with Future Coupons and imposed a Rs 202-crore penalty on the American e-commerce giant

KV Kamath committee clears Future Retail, Future Enterprises debt recast plans

Under the new plans, the repayment of loans will be extended up to two years, while the unpaid interest to be converted into a funded interest term loan. The penal charges will too be waived off under the recast plan.

Future Enterprises Q3 net loss at Rs 295 crore

The company had logged a net profit of Rs 12.06 crore in the year-ago period, Future Enterprises Ltd (FEL) said in a BSE filing.

Future Group stocks plunge as SEBI bans CEO from securities market, imposes fine

SEBI also imposed a penalty of Rs 3.7 crore on Biyani, four others, and related entities.

Future Enterprises shares hit 5% lower circuit as the firm defaults on debt repayment

In a BSE filing on September 18, the company said it defaulted on Rs 90 crore commercial paper on September 14, 2020.

Reliance Retail-Future Group deal: How will it benefit RIL’s consumer facing businesses

Reliance Retail will get the benefit of economies of scale. The products can be bought in large quantities and sold at competitive prices, and would see further improvement in margins due to improving scale.

Reliance Retail-Future Group deal: RIL unit adds Future Group’s retail business to shopping cart for Rs 24,713 crore

Mukesh Ambani company emerges as white knight and averts collapse of vast retail group built by Kishore Biyani over three decades.

Future Enterprises further reschedules board meeting, to announce numbers on September 7

The meeting was to approve earnings for the June quarter and financial year 2020.

Future Enterprises reschedules board meeting, to announce numbers on August 28

Future Enterprises has rescheduled its board meeting to be held on August 22 to August 28

Market Headstart: Nifty50 seen opening lower; BEML, Gujarat Gas top buys

Trends on SGX Nifty indicate a negative opening for the broader index in India, with a 40 points loss or 0.33 percent. The Nifty futures were trading around 12,011-level on the Singaporean Exchange.