India's retail king in BIG trouble

242°
Deal Major
desiman

India’s retail king in BIG trouble

Though Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.

A combination of high cost funds from private equities (PE), promoters pledging stakes and falling share prices of listed entities have put the Future group in a crisis.

Though promoter Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.

https://www.rediff.com/business/report/indias-r...

16 Comments  |  
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Deal Newbie Deal Newbie
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I have made an fixed deposit with future group , should I withdrew it?

Pro Entertainer Pro Entertainer
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Yes, yes immediately…

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Deal Subedar Deal Subedar
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If the government forces people to pay full wages for the month of April 2020 then many big people would be in BIG BIG trouble.

Deal Newbie Deal Newbie
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But i have made an investment in March before lockdown, and deposit t & c says we can withdrew the amount after a period of six months.

Pro Entertainer Pro Entertainer
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Gaya bhai tu to… sad

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Deal Cadet Deal Cadet
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yesterday share price of future retail is increased little bit.. but don’t know what will happen.

Deal Cadet Deal Cadet
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I had made 3 profit club cards , are they safe and redeemable ???

Deal Cadet Deal Cadet
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Don’t worry brother, future group are not going to close within 4-5 months. Amazon is also a stake holder in future group.

Deal Cadet Deal Cadet
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I have FD with them and their FinancialServices webpages are not working now
I have my lifetime investment in their FD

Deal Lieutenant Deal Lieutenant
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Wow Man Great Choice, You invested your lifetime savings in Future group, Now Future Group is having dark future so as you, but i hope you will get your money asap,

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