Future Retail pays interest on USD notes
25th Aug 2020

Future Retail has paid $14 million (around Rs 103 crore) as interest on its USD notes. The company has paid the interest amount of $14 million due on the 5.60% senior secured notes due 2025 (USD notes) after a grace period of 30 days. The company on July 22 had informed the exchanges that it had missed the payment of interest on the USD notes on account of liquidity crunch.

Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.