FEL's board to meet on Saturday, to discuss raising funds
Thu, Aug 27, 2020 12:24 PM

FEL's board to meet on Saturday, to discuss raising funds

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Last week, the Kishore Biyani-led Future Enterprises Ltd (FEL) said it has defaulted on interest payment of non-convertible debentures worth a total of ₹265 crore. A source said Reliance Industries will invest Rs 8,500 crore to own 50 per cent stake in the merged entity.

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