Page 8 - Future Enterprises News Today

Learn everything you need to know about How Amazon destroyed a day 26000cr company!

This includes a principal amount of Rs 98.35 crore and Rs 27.78 crore for repayment of term loan, , Future Enterprises

Future Enterprises defaults on Rs 4.10 crore interest payment for its non-convertible debentures (NCDs)

Market regulator Securities and Exchange Board of India (SEBI) has issued a demand notice to Future Enterprises asking the company to pay the penalty of Rs5 lakh imposed in March for alleged non-disclosure of arbitration proceedings initiated by Amazon before the Singapore International Arbitration Centre (SIAC).

Capital markets regulator SEBI on Wednesday sent a notice to Future Enterprises asking it to pay over Rs 5 lakh in a matter pertaining to disclosure lapses about initiation of arbitration proceedings against Future Group by Amazon.

Spread over a total of 12.2 acres, the Bengaluru store is IKEA's fourth store in India and is expected to attract close to 5 million visitors this year.

Future Enterprises defaults on Rs 1.41 cr interest payment for NCDs

The latest default is on the interest of securities issued for a sum of Rs 29 crore, , future group, ncds

Four listed firms of the Kishore Biyani-led Future Group on Tuesday expressed their inability to convene a board meeting before May 30 to approve their financial results for the quarter and year ended March 31 on account of vacant positions on their respective boards.

The firm stated that the appointment of Samuel as CEO has been done following the resignation of Managing Director Ashni Biyani for personal reasons.