The future group kishore biyani daughter
Ashni biyani...
The future group kishore biyani daughter
Future Retail Shares Down 73% in 1 Month as Kishore Biyani Firm Struggles with Debt
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Last week, Future Retail said that certain lenders who held NCDs (non-convertible debentures) through IDBI Trusteeship Services Ltd invoked promoter pledged shares worth 8%.
Shares of Kishore Biyani-led Future Retail Ltd have lost over 73% in the last one month amid the ongoing market selloff due to the coronavirus pandemic, worsening the liquidity crisis at the Future Group which is already reeling under huge debt pressure.
According to various media reports, the massive drop in share value of the Future Group firms has resulted in lenders seeking more collateral against Kishore Biyani’s pledged shares, making the company look for capital to tide over the debt issues.
Last week, Future Retail said that certain lenders who held NCDs (non-convertible debentures) through IDBI Trusteeship Services Ltd invoked promoter pledged shares worth 8%.
Apart from Future Retail, shares of F