Page 6 - Future Consumer Ltd News Today

Upon completion of sale of shares, Amar Chitra Katha shall cease to be a subsidiary of Future Consumer.

There is an exodus of people from the board and at other levels in several Future group companies after Rs 24,713 crore deal was called off by Reliance Retail

However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT.

Debt-ridden Future Group is now focusing on saving and rebuilding firms such as - Future Lifestyle Fashions, Future Supply Chain Solutions

Future Group to focus on saving, rebuilding Future Lifestyle, others

However, Future Groups flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT, , future group, kishore biyani

Shares of Future group of companies were under pressure on Monday with Future Lifestyle Fashions and Future Retail tanking the most in tandem with a weak broader market. Future Lifestyle Fashions Ltd tumbled 9.08 per cent while Future Retail Ltd tanked 7.88 per cent. Similarly, Future Consumer Ltd declined 3.48 per cent, Future Supply Chain Solutions dipped 2.37 per cent and

The listed companies of the Kishore Biyani-led Future group informed exchanges on Saturday about meetings of their respective shareholders and creditors being convened on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail.

Listed companies of the Kishore Biyani-led Future Group on Saturday informed exchanges about meetings of their respective shareholders and creditors being convened on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail. Listed entities, including Future Enterprises Ltd, Future Retail Ltd, Future Consumer Ltd and Future Supply Chain, informed

COVID disruptions were cited as the cause