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Future Retail finalises debt restructuring plan; to seek Kamath panel approval The company said that the debt restructuring was necessitated due to the disruptions caused by COVID-19 which led to cash flow not being able to bear the debt burden BusinessToday.In | April 18, 2021 | Updated 17:53 IST Future Retail announced that its board of directors has approved a resolution plan for restructuring the company s existing debt in line with the resolution framework sanctioned by the Reserve Bank of India (RBI) to alleviate COVID-19-related stress. The Kishore Biyani-led retail arm further added that certain non-convertible debentures (NCDs) will also be part of the restructuring exercise. The company is now awaiting approval from the KV Kamath committee.

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