Future Consumer Ltd (FCL) Faces Rs 449.04 Crore Payment Default: Impact and Insights

Monday, 8 July 2024, 05:12
Future Consumer Ltd (FCL), the FMCG arm of the troubled Future Group, reported a significant default of INR 449.04 crore in payments by June 2024. This amount includes INR 284.81 crore towards various financial obligations. The default raises concerns about the financial stability and performance of Future Group companies.
Indiatimes
Future Consumer Ltd (FCL) Faces Rs 449.04 Crore Payment Default: Impact and Insights

Future Group's FCL Payment Default

Future Consumer Ltd (FCL) revealed a massive default of INR 449.04 crore by June 2024.

Details of Default

The default amount includes INR 284.81 crore towards loans and cash credit facilities.

This default indicates potential financial distress within the Future Group.

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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