Future Enterprises defaults on NCD payment worth Rs 26 crore - Business News: Latest News & Videos about market and economy | Trendmergers

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Future Enterprises defaults on NCD payment worth Rs 26 crore

The principal payment of ₹24 crore and interest of more than ₹2 crore for the NCDs were payable by Monday, the company informed the stock exchanges on Tuesday. "The company is unable to service its obligations in respect of the principal and interest on non-convertible debentures that was due on May 9, 2022," the filing said.

from Industry-Economic Times
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