Future Enterprises defaults on Rs 6.07 crore interest payment for NCDs

Debt-ridden Future Enterprises Ltd NSE 3.64 % (FEL) has defaulted on payment of interest of Rs 6.07 crore for its non-convertible debentures. The due date for payment was June 20, 2022, said a regulatory filing from FEL.

“The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on June 20, 2022,” it said.