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FEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the retail infrastructure for Future Group. It also holds the group's investments in subsidiaries and joint ventures including in sectors like insurance, textile manufacturing, supply chain and logistics.
Under the fresh bidding process, which is likely to be kicked off by the end of the month, lenders will run a fresh bidding process seeking separate interests for the insurance and non-insurance businesses, people familiar with the matter said.
The tribunal said that the demerger information was available in the public domain
FEL used to develop, own and lease retail infrastructure for Future Group. It also held the group's investments in subsidiaries and joint ventures including insurance, textile manufacturing, supply chain, and logistics. Lenders are hoping for better valuations for the company because of the stakes it holds in the growing insurance ventures.
FEL used to develop, own and lease retail infrastructure for Future Group. It also held the group's investments in subsidiaries and joint ventures including insurance, textile manufacturing, supply chain, and logistics. Lenders are hoping for better valuations for the company because of the stakes it holds in the growing insurance ventures.