Page 7 - Future Enterprises News Today

Brightcom Group, which has seasoned investor Shankar Sharma as investor, has fallen 55 per cent to Rs 13.30 this year from Rs 29.40 level as on December 31, 2022.

NCLT initiated insolvency proceedings following a plea by supplier Foresight Innovations, over a Rs 1.58 crore payment default.

The Mumbai bench of the NCLT has ordered the ‘ordered the commencement of corporate insolvency resolution process’. The firm will now be auctioned in order to recover unpaid dues.

Finolex Industries stock surged 7.97% intraday to Rs 190.95 against the previous close of Rs 176.25 on BSE. The stock was the top gainer on BSE today

Max Financial shares lost 2.75% to Rs 680.15 against the previous close of Rs 699.45 on BSE. Market cap of the firm fell to Rs 23,8632 crore

With a gain of 1,981 per cent, Kaiser Corporation stood as the top gainer in the list. Shares of the company surged to Rs 58.05 on December 5, 2022 from Rs 2.79 on December 31, 2021

The due date for the payment of Rs 126.13 crore was 30 September 2022, , Future Enterprises Ltd

Debt-ridden Future Enterprises Ltd has defaulted on a principal amount of Rs 126.13 crore in September, which includes payment obligation of Rs 98.35 crore for NCDs and Rs 27.78 crore to banks.

Future Enterprises has received a three-month extension from the Registrar of Companies for holding its annual general meeting, a regulatory filing by the debt-ridden firm said.

RPT refers to a deal or arrangement made between two parties related to each other by having a pre-existing business relation or common interest.