Future Enterprises defaults on ₹15.73 cr interest payment for NCDs

Future Enterprises, a part of Future Group, on Wednesday said that it defaulted on an interest payment of ₹15.73 on Non-Convertible Debentures (NCDs). The default occurred for the period March 21, 2022, to September 19, 2022 and the gross principal amount on which it occurred is ₹327 crore. The company had earlier defaulted on another interest payment of ₹4.10 crore.