The younger Biyani is now all set to re-enter the retail business with the launch of Broadway, which he says is a new-age departmental store that would only retail new-age digital first brands.
He estimates that there are some 50 lakh temples which have a micro-economy of their own as they employ and feed people, and are not considered, and there are many micro-economies such as this.
Failing to make the payment will lead to the recovery officer initiating recovery proceedings in accordance with the extant provisions, SEBI warns Future.
Shares of Future Lifestyle and Future Supply Chain nosedived 20%, while Future Retail and Future Enterprises dropped up to 10% after RIL called off the ₹24,713 crore deal.