Future Retail averts default, pays Rs 100 cr of interest on foreign bonds

Future Retail shares on Monday closed 6.62 per cent down at Rs 114. This is because one of its lenders sold the firm's pledged shares because of default

Dev Chatterjee Business Standard Mumbai
The Kishore Biyani-led group is in stake sale talks with Reliance Industries

Future Retail, which is in talks with Reliance Industries (RIL) on sale, on Monday averted a default by paying Rs 100 crore of interest on its foreign bonds. Any legal complication due to default at t

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First Published: Aug 24 2020 | 3:48 PM IST

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