Lenders to two more Future group firms — Future Enterprises and Future Supply Chain Solutions — have approved a resolution plan to restructure the existing secured financial debt of the companies, as per regulatory filings.
Last week, a consortium of 28 banks had approved a resolution plan for debt restructuring of the Kishore Biyani-led group’s flagship firm Future Retail Ltd, under the resolution framework for COVID-19-related stress announced by the Reserve Bank of India (RBI).
The boards of both the companies — Future Enterprises and Future Supply Chain Solutions — have approved the lenders’ plan to restructure the existing secured financial debt, the firms said in separate regulatory filings.
“The said resolution plan has bee…
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