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FCL DEFAULT
FCL defaults on Rs 615.67 cr interest, principal paymentFuture Consumer Ltd (FCL), the FMCG arm of Future Group, has defaulted on Rs 615.67 crore in loan repayments and interest as of March-end 2...- Resurgent India files insolvency plea against Future ConsumerFuture Consumer Ltd, part of the debt-ridden Future Group, is facing an insolvency plea filed by Resurgent India Special Situations Fund be...
- Future group's FMCG arm FCL defaults on payments of Rs 449.04 crore till June-endFuture Consumer Ltd (FCL), the FMCG arm of debt-laden Future Group, disclosed on Saturday that it defaulted on payments totaling Rs 449.04 ...
- Future Consumer sells Nilgiri Dairy Farm to AVA Cholayil Healthcare for Rs 67 croreFuture Consumer Ltd has announced the sale of its dairy business, Nilgiri Dairy Farm, to AVA Cholayil Healthcare for Rs 67 crore. This move...
- FCLs total defaults at Rs 70 cr as of September 30FCL's total financial indebtedness is Rs 436.07 crore, which includes Short -term and long-term debts. This includes Rs 253.90 crore debt f...
- Future Consumer defaults on Rs 51.85 cr payment towards debenturesThe default which happened on August 15, 2022, includes an interest amount of Rs 10.73 crore and a principal amount of Rs 41.12 crore, FCL ...
- Three Future Group cos report payment defaultsThe principal amount includes -- Rs 3.27 crore term loan, Rs 72.25 crore for a working capital term loan, Rs 51.46 crore for funded interes...
- Future Retail's Chief Financial Officer C P Toshniwal resignsToshniwal's resignation is the recent addition to the string of resignations that started after the Rs 24,713-crore deal was called off las...
- Future Enterprises to raise Rs 3,000 crore from insurance biz sale; aims to pare debt, avoid insolvencyOn March 31, FEL defaulted on repayment of Rs 2,911.51 crore of loans to the consortium of banks and lenders. Later it also missed a 30-day...
- Future Group to focus on saving, rebuilding Future Lifestyle, Future Supply Chain & Future ConsumerReliance on Saturday called off its Rs 24,713-crore deal to acquire Future Group's retail, wholesale, logistics and warehousing assets, aft...
- How to build a competitive export-ready businessWhether you are an importer or exporter, make sure you understand the different incoterms thoroughly so that the responsibilities of both t...
- Amazon seeks control of Rs 30,000 crore Future Group assets with Rs 1,431 crore investmentBanks and financial institutions have an exposure in excess of Rs 18,000 crore towards unpaid debts from Future Group's account
- Bombay HC restrains Future Consumer from the use of identical packaging of Parle Products' brandsMumbai-based Parle Products has approached the court seeking to restrain FCL from using allegedly identical trade dressing or packaging for...
- Future Consumer defaults on debt repayment from banks, othersThe company said it has applied for financial restructuring to the banks. A month ago, it had defaulted payments on non-convertible debentu...
- Some Biyani lenders queer pitch, invoke share pledges before vote on Reliance Retail mergerIn constructive discussion with investors,says Future Group; 75% of shareholders present need to okay plan
- Future Consumer defaults on debt repaymentIn a regulatory filing, the company said it has been unable to service its obligations towards payment of principal redemption and interest...
- Private equity firm IVFA buys out Financial Technologies’s warehousing arm for Rs 300 croreThe sale is part of a plan by FTIL group, which has been hit by Rs5,500-crore crisis on its subsidiary NSEL, to sell its non-core assets.
- India Value Fund Advisors buys NBHC for Rs 300 croreFor IVFA, the largest India-dedicated fund of around $550 million, this is the first buyout in its portfolio of more than a dozen companies.
- New customs classifications from New YearTHE CUSTOMS is introducing a revised classification system — HS (harmonised system) 2002 of the World Customs Organisation (WCO) — will com...
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