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Kishore Biyani’s Future Enterprises defers board meeting to September 7

Kishore Biyani’s Future Enterprises defers board meeting to September 7

Kishore Biyani’s Future Enterprises defers board meeting to September 7
August 29
14:14 2020
  • Kishore Biyani-led Future Enterprises has pushed its board meeting to September 7.
  • Earlier, the board was scheduled to meet on Friday for consideration and approval of audited financial results of the company for the fiscal ending March 2020.

Kishore Biyani-led Future Enterprises has pushed its board meeting to September 7. Earlier, the board was scheduled to meet on Friday for consideration and approval of audited financial results of the company for the fiscal ending March 2020.

The gathering has been conceded due to the non-culmination of review cycle of money related outcomes, the organization said in a late-night declaration.

The organization further said that exchanging windows for managing the protections of the organization, which was at that point shut w.e.f. April 1, 2020, will stay shut till 48 hours after the declaration of reviewed money related outcomes.

Future Retail, one of the working organizations of Future Group, as of late turned away a default by making an intriguing installment of $14 million or about Rs 105 crore to its coupon holders for $500 million senior made sure about notes. The organization was initially because of making the premium installment on its 5.60 percent 2025 dollar notes on July 22 which it missed.

Future Group had a combined obligation of Rs 12,778 crore as of September 2019, according to the organization’s open records. Its lead organization Future Retail had a gross obligation of Rs 2,657 crore.

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