Future Enterprises defaults on payment of interest on NCDs
Gross principal amount on which the default has occurred is Rs 300 crore and interest payable was Rs 15,16,48,248.
Gross principal amount on which the default has occurred is Rs 300 crore and interest payable was Rs 15,16,48,248.
Ambani’s Reliance Industries, which is on a shopping spree for the past few weeks, is set to acquire Future Enterprises’ retail business.
The company further said that the “trading window for dealing in the securities of the Company was already closed w.e.f. 1st April, 2020 and shall remain closed till 48 hours.
