Future Retail Averts Default, Pays $14 Million Interest On Secured Notes
A customer looks at mangoes on display at a Big Bazaar hypermarket, operated by Future Retail Ltd., in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Future Retail Averts Default, Pays $14 Million Interest On Secured Notes

Future Retail Ltd. averted default by making an interest payment of $14 million on its secured notes due in 2025 to investors.The company had asked for a 30-day grace period on its interest payment...
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