Kishore Biyani’s Future Retail says missed payment of interest due on 2025, due to Covid-19

Kishor Biyani owned Future Retail NSE -1.03 % has missed the service of payment of interest on dollar-denominated notes.

The company in an exchange filing informed that it has proposed to make the interest payment within 30 days.

The company said due to the covid-19-induced negative impact and consequently restricted business operations on the pan India basis, the liquidity position of the company has been affected.