Kishore Biyani-led Future Retail pays up $14 million interest1 min read . Updated: 25 Aug 2020, 07:21 AM IST
- In July, Future Retail had blamed the novel coronavirus pandemic for its weakened liquidity position.
- Future Retail is facing a severe liquidity crisis and is in advanced talks to sell assets to Reliance Industries Ltd
Kishore Biyani’s flagship company Future Retail Ltd, which runs the popular supermarket chain BigBazaar, on Monday said it has paid $14 million (approximately ₹105 crore) in pending interest on dollar bonds, after missing last month’s due date.
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