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Lenders to Future Enterprises, Future Supply Chain Solutions approve debt restructuring - Vimarsana News

Lenders to Future Enterprises, Future Supply Chain Solutions approve debt restructuring

Lenders to Future Enterprises, Future Supply Chain Solutions approve debt restructuring SECTIONS Last Updated: Apr 20, 2021, 10:48 PM IST Share Synopsis The boards of both the companies -- Future Enterprises and Future Supply Chain Solutions -- have approved the lenders' plan to restructure the existing secured financial debt, the firms said in separate regulatory filings. Agencies Future Enterprises said its restructuring plan would be subject to approval from the Expert Committee formed by RBI under the chairmanship of K V Kamath. Lenders to two more Future group firms -- Future Supply Cha...

Board of Future Retail approves plan to restructure existing financial debt - Vimarsana News

Board of Future Retail approves plan to restructure existing financial debt

At meeting held on 17 April 2021The Board of Future Retail at its meeting held on 17 April 2021 has approved a resolution plan to restructure the existing secured financial debt from the banker of the company as permitted under a Resolution Framework for COVID 19 related Stress announced by the Reserve Bank of India. The said resolution plan, which remains subject to the approval of the Expert Committee (under the chairmanship of the K. V. Kamath) constituted by the Reserve Bank of India, has been approved by the lenders to the Existing Debt of the Company. As part of the resolution plan, t...

Future Retail board, lenders approve debt restructuring plan - Vimarsana News

Future Retail board, lenders approve debt restructuring plan

The board of Future Retail along and its lenders have approved a resolution plan to restructure the existing secured financial debt from the banks under the resolution framework for Covid-19 related stress.In a regulatory filing, the company ...