Future Consumer FMCG Arm Defaults on Rs 449.04 Crore Payments Amid Debt Crisis
Saturday, 6 July 2024, 15:42
Overview
Future Consumer, a part of the financially troubled Future Group, faced a significant payment default.
Details
- Amount: Rs 449.04 crore not paid by June-end
- Breakdown: Rs 284.81 crore to banks and Rs 164.23 crore to bondholders
- Debt: Total financial indebtedness at Rs 506.87 crore
- Actions: Planning asset monetisation and debt reduction efforts
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.