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Vote on Space Mantra s Future Retail bid likely soon, Retail News, ET Retail

Lenders to Future Retail (FRL) are considering a takeover plan by Space Mantra, despite concerns about the low offer. The committee of creditors (CoC) has extended the voting deadline to September 7 to allow lenders more time for internal approvals. Some lenders prefer liquidation over selling the company cheaply. Space Mantra s offer of ₹553 crore is 2.79% of the outstanding dues. The company has promised to start repaying lenders 90 days after receiving approval from the National Company Law Tribunal (NCLT). Future Retail owes a total of ₹19,773 crore to financial creditors.

Anoop kumar mittalKishore biyaniVijaykumar iyerCentral bankUnion bankFuture retailSpace mantraNew york mellonReliance retailThen relianceFuture retailReliance retailSpace mantraUnion bank of indiaRp vijaykumar iyerBank of baroda

space mantra: Vote on Space Mantra s Future Retail bid likely soon

Lenders to Future Retail (FRL) are considering a takeover plan by Space Mantra, despite concerns about the low offer. The committee of creditors (CoC) has extended the voting deadline to September 7 to allow lenders more time for internal approvals. Some lenders prefer liquidation over selling the company cheaply. Space Mantra s offer of ₹553 crore is 2.79% of the outstanding dues. The company has promised to start repaying lenders 90 days after receiving approval from the National Company Law Tribunal (NCLT). Future Retail owes a total of ₹19,773 crore to financial creditors.

Anoop kumar mittalVijaykumar iyerKishore biyaniCentral bankUnion bankFuture retailSpace mantraNew york mellonReliance retailThen relianceUnion bank of indiaRp vijaykumar iyerBank of barodaCentral bank of india

embassy office parks: Embassy Office Parks REIT Q1 Results: Net operating income at Rs 738 crore

Embassy Office Parks REIT declared distribution of Rs 509.96 crore or Rs 5.38 per unit for the quarter under review. The distribution comprises Rs 65.40 crore in the form of interest, Rs 225.59 crore in the form of dividend and Rs 218.01 crore in the form of repayment of SPV (special purposed vehicle) level debt.

Anoop kumar mittalAravind maiyaEmbassy office parksNational capital regionReal estate investment trustNon convertible debenturesChief executive officerEmbassy office parks reitFiscal yearLeasing and

Embassy Office Parks REIT s net profit up 30 87% in Q1 FY24, Real Estate News, ET RealEstate

Embassy Office Parks REIT s net operating income grew by 9% year-on-year to Rs 738 crore. The board approved the raising of debt up to an aggregate amount of Rs 16,000 million.

Abhishek agrawalAravind maiyaPunita kumar sinhaAnoop kumar mittalEmbassy office parksEmbassy office parks management servicesAnuj puriEmbassy office parks reitAravind maiyaEmbassy reitEmbassy office parks management services

Embassy Office Parks REIT Q1 net operating income at Rs 738 cr

Embassy Office Parks REIT Q1 net operating income at Rs 738 cr
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Anoop kumar mittalAravind maiyaEmbassy office parksNational capital regionReal estate investment trustNon convertible debenturesChief executive officer