Page 10 - Future Enterprises News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reliance Retail, BC Jindal group seek more time to conduct due diligence on Future Enterprises

Future Enterprises creditors were informed at a meeting on Thursday that an extension had been sought by both prospective bidders who were due to submit formal offers on 24th August. The bid deadline has now been extended to 25th September, according to the sources.

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SBI Distressed Loans: SBI seeks buyers for its Rs 96,000 crore distressed loans

State Bank of India (SBI) plans to sell over INR 960 billion ($12.9 billion) of distressed loans to asset reconstruction companies. The countrys largest bank prepared a list of 331 accounts, including loans to Future Group, Anil Ambani-promoted firms, Videocon Group and Jaypee Group, among others.

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Reliance Retail in final list of resolution applicants for Future Enterprises

Reliance Retail in final list of resolution applicants for Future Enterprises
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Future ent news: Reliance Retail, Jindal (India) make offers to acquire bankrupt Future Enterprises

Future Enterprises have received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures and GBTL Ltd under the corporate insolvency process. The newly appointed resolution professional Avil Menezes disclosed the names of these three entities as a provisional list of prospective resolution applicants . The RP has admitted Rs 12,265 crore of verified claims from lenders and Rs 23 crore of claims from fixed deposit holders.

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Future ent news: Reliance Retail, Jindal (India) make offers to acquire bankrupt Future Enterprises

Future Enterprises have received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures and GBTL Ltd under the corporate insolvency process. The newly appointed resolution professional Avil Menezes disclosed the names of these three entities as a provisional list of prospective resolution applicants . The RP has admitted Rs 12,265 crore of verified claims from lenders and Rs 23 crore of claims from fixed deposit holders.

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