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BQ Exclusive: Future Group Approaches Banks For Debt Restructuring
Future Group looks to restructure its debt, seeks an extension on repayments.
17 Apr 2020, 10:15 AM IST
The Kishore Biyani-led Future Group is looking to restructure Rs 7,500 crore in bank loans as various parts of the business face stress. The strains were visible even before the local spread of Covid-19 disrupted businesses across many sectors, including organised retail.The group had approached bankers for a loan restructuring in March, according to three people familiar with the matter, who spoke on condition of anonymity. The rest...
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