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Future Enterprises risks turning NPA by next quarter, say banking experts

FEL, which defaulted on payments to lenders and debenture holders in the last week of March, has a 30 day-curation period

For the three months ended December 2020, all Future group companies reported a combined revenue of Rs 3,228 crore and a loss of Rs 1,450 crore
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Abhijit Lele Mumbai
Following the footsteps of Future Retail, which turned non-performing asset (NPA), Future Enterprises (FEL) is likely to slip into the bad loan category in the first quarter of FY23 if the company is unable to clear dues using the sale of stake in a general insurance firm.

FEL, which defaulted on payments to lenders and debenture holders in the last week of March, has a 30 day-curation period.

The chances of any improvement in financial position to repay dues are very dim, bankers.

A senior public sector banker said it sold the stake in Future Generali India Insurance Company (Future Generali) and added

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First Published: Mar 31 2022 | 6:01 AM IST

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