India's retail king in BIG trouble

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India's retail king in BIG trouble

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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I have made an fixed deposit with future group , should I withdrew it?

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say651 wrote:

I have made an fixed deposit with future group , should I withdrew it?

Yes, yes immediately…

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say651 wrote:

I have made an fixed deposit with future group , should I withdrew it?

Don’t wait a single day more. you are lucky, it survived till now seeing market condition. sunglasses

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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.

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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.

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say651 wrote:

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.

Gaya bhai tu to… sad

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say651 wrote:

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.

how much you invested?
have u heard about dhfl default before investing?

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deadguru wrote:

how much you invested?
have u heard about dhfl default before investing?

50000, no i have not heard it.

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say651 wrote:

50000, no i have not heard it.

bro dhfl was aaa rated & nowadays corporate fds are more risky than directly investing in stock market

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deadguru wrote:

bro dhfl was aaa rated & nowadays corporate fds are more risky than directly investing in stock market

Ohhh shit what a blunder i have done,
Any way that to opt out before 6 month’s?

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say651 wrote:

I have made an fixed deposit with future group , should I withdrew it?

Bro don’t take decisionfastly do ur own research and then act

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

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

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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.

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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

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GKN wrote:

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

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,

Missing