Future Retail pays Rs 100 crore bond interest, avoids default

The Kishore Biyani-led Future Retail, which is in the final stages of discussions for a majority stake sale to Mukesh Ambani-led Reliance Industries (RIL), on Monday averted default by making an interest payment of $14 million, or Rs 100 crore, on its foreign bonds.

from Markets-Economic Times https://ift.tt/3lefZJC