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Crisis-hit Future Retail Ltd (FRL) has defaulted on ₹5,300 crore payment to lenders due to ongoing litigations with e-commerce major Amazon, according to an exchange filing.
Future Retail Limited and Future Enterprises Limited on Friday collectively defaulted on loan repayments worth Rs 8,157.97 crore
The due date for payment of Rs 19.16 crore was March 28, FEL said in a regulatory filing.
Equity benchmark Sensex zoomed 675 points to 58,619 and Nifty gained 157 points to 17,482.
Stocks in news: IDBI Bank, Future Enterprises, Tata Consumer Products, PNB, Vedanta, Hero MotoCorp, Rail Vikas Nigam, Bharat Electronics and more