Indian lenders worried over Future group's diminishing asset base

Future group shares crash as bankruptcy looms, putting entire shareholders' wealth at risk

The Indian lenders are worried over the fast depleting asset base of the Future group companies which would make their recovery of dues difficult. The asset base of Future group has eroded in the last two years due to lockdown and takeover of 947 stores by rival Reliance Retail after Future group’s lease on the properties expired.

Bankers said they have approached bankruptcy court so as to avoid any duplication of legal action and reduce time at the legal forums.. “As the Future group company is a  retail company, there is a very high risk of business destruction as hardly