Page 2 - One Time Restructuring News Today

The consolidated external debt of the company has declined by Rs 15,300 crore to Rs 21,870 crore as on December 31, 2022, from Rs 37,170 crore as on August 31, 2020, and is expected to further reduce through asset divestment, the agency said.

Rajya Sabha MP Alla Ayodhya Rami Reddy on Wednesday released data on the developments under the Andhra Pradesh government in the Ministry of Micro, Small and Medium Enterprises (MSME) sector.

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

Future Lifestyle, in response, said that it is currently in the process of taking legal advice in the said matter.

Bank of Indias plea to initiate insolvency resolution proceedings against indebted Future Retail Limited accepted by National Company Law Tribunal, , Insolvency and Bankruptcy Code (IBC), NCLT, future retail

Besides, FEL is also planning to sell its 33.3 per cent stake in its Life Insurance JV - Future Generali India Life Insurance Company Limited (FGILICL).

Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt

Earlier on Thursday, Future Enterprises Ltd completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to joint venture partner Generali for Rs 1,266.07 crore, , future group, Insurance Business

Future Enterprises to raise Rs 3,000 cr from insurance business sale

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.