Clear ₹5 lakh penalty, interest in 15 days: SEBI to Future Enterprises
Failing to make the payment will lead to the recovery officer initiating recovery proceedings in accordance with the extant provisions, SEBI warns Future.
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June 2022
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Future Group: Insolvency looms
Future has a shade over 550 stores left after RIL took over 830 stores for not paying rentals since early 2020. Of these, over 70% are defunct.
Future Retail hits 5% lower circuit for 2nd day after MD resigns
Future Retail shares have been falling for the past nine sessions and dropped 36% during the same period.
Future group shares plummet up to 36% in 2 sessions after Reliance calls off deal
Future group companies hit their lower-price circuits for the second consecutive day as they failed to secure the ₹24,713 crore deal with RIL.
Future Group shares fall up to 20%; here’s why
Shares of Future Lifestyle and Future Supply Chain nosedived 20%, while Future Retail and Future Enterprises dropped up to 10% after RIL called off the ₹24,713 crore deal.
Banks vote against Future deal; co a pale shadow of itself
From a peak of 1,400 stores, Future group is now left with around 550 stores. Of these, 70% are shut because of lack of stocks.
Future Group shares plunge as lenders reject ₹24,713 cr Reliance Retail deal
Kishore Biyani’s Future group shares plunged up to 12% after bankers to the debt-laden company rejected Reliance Retail’s proposed takeover bid.
Future shareholders vote on ₹24,713-cr Reliance Retail deal
Another meeting with secured and unsecured creditors of the listed Future Group companies is scheduled for today.
Bank of India drags Future Retail to bankruptcy court
The lender’s move to seek insolvency proceedings against the embattled retailer is likely to affect its ₹24,713 crore asset sale deal with Reliance Industries.
Lenders will take Future cos. to bankruptcy to counter Reliance lease termination
Debt recovery of ₹30,000 crore from Future group companies will be tough for the banks if the retailer loses stores to Reliance without a deal.
