Stay updated with breaking news from Future Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
While a majority of the departing executives are going back into the ecosystem and starting a new business, a small portion of them have chosen to simply change their sectors. The remaining are going back to safety.
Future Lifestyle Fashions (FLFL), a Kishore Biyani-promoted company, has received two resolution offers from scrap dealer Space Mantra and fashion retailer Donear Industries. Space Mantra's Rs 550-crore offer for Future Retail was rejected by lenders due to its low price. Donear Industries-owned textile maker GBTL showed interest in acquiring Future Enterprises, but did not submit a resolution plan.
Everything we're watching this week: Farrey, My Demon, Fargo and more Here are all the upcoming releases of the week
Future Group: In a financial maneuver that has raised eyebrows, Jindal (India) has submitted a bid of ₹301 crore for the debt-laden Future Enterprises (FEL), a sum that amounts to less than 3% of the staggering ₹12,265-crore loan exposure, rendering it almost inconsequential to the lenders, according to individuals familiar with the bidding process.
Tiger 3 star Salman Khan, who is one of the highest-paid actors in the country, has an estimated net worth of Rs 2,907 crore