Future group's arm defaults on debenture repayments in February

Future Consumer, part of the embattled Future group, has defaulted on the payment of interest and principal due on unlisted non-convertible bonds issued to CDC Emerging Markets.

The deferred coupon (interest) component amount was Rs 5.49 crore and the principal amount was Rs 21.18 crore. The principal covered deferred installment of Rs 9 .41 crore and the February installment of Rs 11. 76 crore, the company said in an exchange  filing.

The share of Future Consumer closed 1.57 per cent higher at Rs 7.12 per share on Wednesday.

In February 2018, the company had issued debentures for Rs 200 crore with seven-year tenure