Future Retail missed payment of Rs 100 crore bond dues: S&P

The company has indicated that it expects to make the coupon payment within the grace period by improving operating cash flows through bank funding, or arranging for alternate sources of funding, including the sale of certain assets. It also expects its liquidity to improve with a potential equity recapitalisation, which could bring in a strategic investor.

from Markets-Economic Times https://ift.tt/39josWt
via IFTTT