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Future Group Lenders Look To Restructure Debt By March 31
Lenders plan to move ahead with restructuring Future Group debt under RBI’s one-time restructuring scheme.
10 Feb 2021, 12:52 PM IST
Lenders to Kishore Biyani’s Future Group are planning to proceed with the restructuring of the debt owed by group companies under the Reserve Bank of India’s one-time restructuring scheme, three people with direct knowledge of the matter said.Lenders led by State Bank of India have asked for restructuring plans to be submitted so they may conclude the process under the scheme by March 31. The scheme was invoked in November 2020, givi...
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