Future Consumer Limited (FCL) defaulted on Rs 449.04 crore ($58.8 million) of payments, including bank loans and bonds, as of June 30.
Future Group's FMCG arm, Future Consumer Limited (FCL), has defaulted on Rs 449.04 crore ($58.8 million) of payments due until June 30, including bank loans and bondholders. FCL's total outstanding debt from debt securities as of June 30 was Rs 222.06 crore, defaulting on Rs 164.23 crore owed to non-convertible debenture holder CDC Emerging Markets. The company plans to monetize assets and reduce debt.
July 06, 2024
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