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future lifestyle fashions: Space Mantra and Donear Industries submit plans for Future Lifestyle Fashions

Future Lifestyle Fashions (FLFL), a Kishore Biyani-promoted company, has received two resolution offers from scrap dealer Space Mantra and fashion retailer Donear Industries. Space Mantras Rs 550-crore offer for Future Retail was rejected by lenders due to its low price. Donear Industries-owned textile maker GBTL showed interest in acquiring Future Enterprises, but did not submit a resolution plan.
Ravi Sethia Kishore Biyani Donear Industries Bombay High Court Ra Bombay High Court Gd Apte Co

Future Group: Jindal's Rs 301 crore Future bid shocks lenders, ET Retail

Future Group: In a financial maneuver that has raised eyebrows, Jindal (India) has submitted a bid of โ‚น301 crore for the debt-laden Future Enterprises (FEL), a sum that amounts to less than 3% of the staggering โ‚น12,265-crore loan exposure, rendering it almost inconsequential to the lenders, according to individuals familiar with the bidding process.
West Bengal Kishore Biyani Bc Jindal Group Centbank Financial Services Central Bank Future Enterprises

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