Future Consumer FMCG Arm Defaults on Rs 449.04 Crore Payments Amid Debt Crisis

Saturday, 6 July 2024, 15:42

Future Consumer, the FMCG arm of the debt-ridden Future Group, failed to pay Rs 449.04 crore by June-end, with major defaults to banks and bondholders. With total financial indebtedness of Rs 506.87 crore, the company aims for asset monetisation and debt reduction.
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Future Consumer FMCG Arm Defaults on Rs 449.04 Crore Payments Amid Debt Crisis

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.


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