Amazon, Future Coupons Settle Dispute With Rs 11 Cr Payout
Amazon and Future Coupons resolve a five-year legal dispute, withdraw all cases, with FCPL agreeing to pay over Rs 11 crore as part of the settlement.
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Kishore Biyani Settles Creditors With SOBO Mall Sale: Reports
- by BW Retail World Bureau
- April 13, 2024
Future Group’s Kishore Biyani has reportedly resolved debts worth Rs 571 crore with Bansi Mall Management Company creditors, settling 83 per cent of the total dues through a one-time payment of Rs 476 crore. According to media reports, the settlement, involving the iconic Sobo Central Mall in Mumbai’s Haji Ali, was facilitated by real estate […]
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Future Consumer Misses Rs 132.97 Cr Debenture Payment Deadline
- by BW Retail World Bureau
- February 20, 2024
Future Consumer (FCL) has failed to pay Rs 132.97 crore in principle and interest on its Non-Convertible Debentures (NCD) issued to CDC Emerging Markets. It has failed to pay Rs 32.97 crore in interest and Rs 100 crore in principal, according to a regulatory filing on Friday by the debt-ridden Future Group’s FMCG unit. “The […]
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Reliance, Adani Pull Out of Race To Buy Future Group Assets
- by BW Retail World Bureau
- May 19, 2023
Reliance and Adani, two of the biggest corporate conglomerates run by high-profile billionaires Mukesh Ambani and Gautam Adani, dropped their initial plan to buy the assets of Future Group. While the two companies are mum about their most recent actions, reports claim that they had to alter their plans due to the high value of […]