Jun 22, 2022
Future Enterprises defaults on interest payment
Future Enterprises defaults on interest payment
Future Enterprises (FEL), a part of the beleaguered Future Group, on Wednesday said it defaulted on an interest payment of Rs 85.71 lakh due on non-convertible debentures (NCDs). The company is unable to service its obligations in respect of the interest on NCDs due on June 21, 2022. The interest payment was due for 182 days between December 20, 2021 and June 20, 2022, for a principal amount of…
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