Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Future Enterprises defaults on principal amount of ₹126 crore in September
short by Ambarish Awale / on Sunday, 30 October, 2022
Future Enterprises Ltd (FEL) has defaulted on a principal amount of ₹126.13 crore in September under a one-time restructuring (OTR) scheme. The principal amount includes payment obligation of ₹98.35 crore for non-convertible debentures and ₹27.78 crore to banks. FEL also said it "regrets for delayed disclosure" from its end "due to certain interpretation issues" in the present disclosure.
read more at Moneycontrol