Page 8 - One Time Restructuring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from One time restructuring. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In One Time Restructuring Today - Breaking & Trending Today

Future Enterprises to sell 25 pc stake in General Insurance JV to partner Generali for Rs 1,253 Cr - Jammu Kashmir Latest News | Tourism

New Delhi, Jan 27: Debt-ridden Future Group has announced that it will sell its 25 per cent equity in Future Generali India Insurance Company Limited (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore as part of its asset monetisation plans to pair debts. Besides, Generali has also acquired an option to buy out the Future Enterprises Limited’s (FEL) remaining interest in FGIICL, which operates in the general insurance business, said a late-night regulatory filing […] ....

New Delhi , Enterprises Limited , Generali India Insurance Company Limited , Generali India Life Insurance Company Limited , Reliance Retail Ventures , Singapore International Arbitration Centre , Reliance Industries Limited , Supreme Court , Group To , Industrial Investment Trust , Competition Commission Of India , Kishore Future Group , Coupons Private Limited , Reliance Industries , Debt Ridden Future Group , Future Generali India Insurance Company Limited , Future Enterprises Limited , Future Group , Future Enterprises , Generali Participations Netherlands , General Insurance Joint Venture , Joint Venture , One Time Restructuring , Reserve Bank , Resolution Framework , Competition Commission ,

Future Group Lenders Grapple With Uneasy Choices

Loans given to the group were restructured under the one-time restructuring window permitted during the Covid crisis in December 2020. With the moratorium period provided under this scheme coming to an end on Dec. 31, 2021, lenders need Future Group to start repaying its principle and interest dues.

The problem is that the financial position of the group may not permit it to regularise payments just yet and a sale of assets to pay the dues has been complicated by an ongoing legal tussle between Amazon Inc. and Future Group. ....

Generali Group , Amazon Inc , While Future Group , Sale Options Available But , Future Group , Reliance Retail , Future Retail , Future Generali India Insurance , Future Retail Ltd , Future Enterprises Ltd , State Bank Of India , Reserve Bank Of India , One Time Restructuring ,