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Future Enterprises To Sell Insurance Business To Avoid Insolvency

Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt ....

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Creditor Revolt Scuttled Mukesh Ambani's $3.2 Billion Retail Deal: Report

It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt. ....

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Future Group Entities' Shares Tank Again After Reliance Deal Fails: 10 Points

Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher. ....

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The big Future mess: FRL lenders hold corporate guarantee from defaulter Future Enterprises

The state-owned Bank of India, the leading lender to FRL, has already approached the National Company Law Tribunal (NCLT) for a resolution under the Insolvency and Bankruptcy Code (IBC). ....

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Future Group Firms' Shares Plunge Nearly 20% After Reliance Deal Falls Through

Shares of Future Group firms on Monday faced heavy drubbing, tanking up to 20 per cent after Reliance Industries said its Rs 24,713-crore deal to acquire Future Group's assets could not be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal. ....

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