Future Retail Ltd Share Price – NSE  / BSE

Retail, Small Cap

Future Retail announced that Fitch Ratings has withdrawn the long term issuer rating and ratings on the USD denominated notes (listed on SGX) due to initiation of bankruptcy proceedings against the company and a weaker market position following a significant number of store closures.

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Future Retail announced that the interest on 5.60% Senior Secured Notes due 2025 (USD Notes) (payment due on 22 July 2022) has not been paid on account of ongoing corporate insolvency resolution process (CIRP) of the Company and, all outstanding amounts payable to any of the creditors of the Company as on the insolvency commencement date are required to be submitted as claims by the concerned creditors in accordance with the public announcement issued on 23 July 2022 read together with the applicable provisions of the Code. Further on account of the prevailing moratorium in terms of Section 14 of the Code and the NCLT's (National Company Law Tribunal, Mumbai bench) order dated 20 July 2022, the Company is protected against inter alia any action of recovery or enforcement of security interest against the Company.

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HDFC Asset Management Company Ltd, Indostar Capital Finance Ltd, Future Consumer Ltd and APL Apollo Tubes Ltd are among the other losers in the BSE's 'A' group today, 27 June 2022.

Future Retail Ltd crashed 4.99% to Rs 6.85 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 30.08 lakh shares were traded on the counter so far as against the average daily volumes of 24.66 lakh shares in the past one month.

HDFC Asset Management Company Ltd lost 3.01% to Rs 1760. The stock was the second biggest loser in 'A' group.On the BSE, 79391 shares were traded on the counter so far as against the average daily volumes of 23850 shares in the past one month.

Indostar Capital Finance Ltd tumbled 2.98% to Rs 138.3. The stock was the third biggest loser in 'A' group.On the BSE, 3177 shares were traded on the counter so far as against the average daily volumes of 5832 shares in the past one month.

Future Consumer Ltd fell 2.88% to Rs 2.02. The stock was the fourth biggest loser in 'A' group.On the BSE, 38.3 lakh shares were traded on the counter so far as against the average daily volumes of 59 lakh shares in the past one month.

APL Apollo Tubes Ltd pared 2.69% to Rs 859.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 20826 shares were traded on the counter so far as against the average daily volumes of 13507 shares in the past one month.

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Shoppers Stop Ltd, Apar Industries Ltd, K P R Mill Ltd and ITI Ltd are among the other losers in the BSE's 'A' group today, 21 June 2022.

Future Retail Ltd crashed 4.99% to Rs 7.61 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.27 lakh shares were traded on the counter so far as against the average daily volumes of 21.53 lakh shares in the past one month.

Shoppers Stop Ltd lost 4.92% to Rs 406.25. The stock was the second biggest loser in 'A' group.On the BSE, 6254 shares were traded on the counter so far as against the average daily volumes of 8155 shares in the past one month.

Apar Industries Ltd tumbled 4.81% to Rs 944.4. The stock was the third biggest loser in 'A' group.On the BSE, 59798 shares were traded on the counter so far as against the average daily volumes of 34440 shares in the past one month.

K P R Mill Ltd slipped 4.64% to Rs 500.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 31994 shares were traded on the counter so far as against the average daily volumes of 16311 shares in the past one month.

ITI Ltd pared 3.83% to Rs 89.05. The stock was the fifth biggest loser in 'A' group.On the BSE, 80213 shares were traded on the counter so far as against the average daily volumes of 67458 shares in the past one month.

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