Clear ₹5 lakh penalty, interest in 15 days: SEBI to Future Enterprises
Failing to make the payment will lead to the recovery officer initiating recovery proceedings in accordance with the extant provisions, SEBI warns Future.
Failing to make the payment will lead to the recovery officer initiating recovery proceedings in accordance with the extant provisions, SEBI warns Future.
Extending loss for the 10th straight session, Future Enterprises shares hit a 5% lower circuit to touch a 52-week low of ₹3.72 on the BSE.
Another meeting with secured and unsecured creditors of the listed Future Group companies is scheduled for today.
The BSE Sensex and the NSE Nifty are set to open higher on Wednesday, tracking firm trading in Asian markets and rally in Wall Street overnight.
Future will offload only a portion of its stake in FGIICL, with Generali given a call option for the remaining stake, and sell its entire stake in FGILICL.