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Future Group: The Clock Ticks For Lenders As Deal Awaits Green Light
Delays in Future Group's deal with Reliance Retail could lead to more of the group's debt turning unsustainable, fear bankers.
15 Jul 2021, 09:09 AM IST
As the closure of a proposed deal between Kishore Biyani's Future Group and Reliance Retail Ltd. continues to drag out, lenders are starting to get nervous. The Future Group is having to take on more debt to keep operations running, particularly amid a pandemic-induced slowdown, leaving bankers questioning whether a larger share of the debt will now be unsustainable.For every month of delay in closing the transaction with Reliance Re...
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