Business

Future Retail misses Rs 3494.5 cr payment to lenders, blames Amazon dispute for lengthen

Future Retail Ltd has missed a Rs 3494.56 crore payment due to their lenders on 31 December as per the terms of the one-time restructuring agreement, the company said in a notice to the stock exchange today. Kishore Biyani promoted hypermarket blamed the dispute with Amazon for the delay in monetising the assets – sale…

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Future Retail Ltd has missed a Rs 3494.56 crore payment resulting from their lenders on 31 December as per the phrases of the one-time restructuring settlement, the firm acknowledged in a impress to the stock change on the present time. Kishore Biyani promoted hypermarket blamed the dispute with Amazon for the lengthen in monetising the sources – sale of little structure stores – which in flip delayed payment to lenders…
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