Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs

Debt-ridden Future Enterprises Ltd NSE 0.00 % (FEL) has defaulted on interest payment of Rs 4.10 crore for its non-convertible debentures. The due date for payment was June 24, 2022, FEL said in a regulatory filing.

“The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on June 24, 2022,” it said.