BackFuture Enterprises plans to raise funds
Last week, the Kishore Biyani-led Future Enterprises Ltd (FEL) said it has defaulted on interest payment of non-convertible debentures worth a total of ₹265 crore
PremiumFuture Enterprises on Wednesday said it is considering to raise funds through issuance of bonds.
The board of the company is scheduled to meet on August 29 to consider and evaluate proposals to raise funds by way of issuance of bonds, including debentures / non-convertible debt instruments, through private placement or other means, it said in a regulatory filing.
It did not specify the amount it plans to raise.
Last week, the Kishore Biyani-led Future Enterprises Ltd (FEL) said it has defaulted on interest payment of non-convertible debentures worth a total of ₹265 crore.
FEL develops, owns and leases retail infrastructure for the Future Group.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
