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FRETAIL Share Price Discussion

Future Retail Ltd.
NSE: FRETAIL | BSE: 540064 | ISIN: INE752P01024 | Sector: Retail

*Future Group Approaches Banks For Debt Restructuring*
The Kishore Biyani-led Future Group is looking to restructure Rs 7,500 crore in bank loans as various parts of the business face stress. The strains were visible even before the local spread of Covid-19 disrupted businesses across many sectors, including organised retail.
According to the people quoted above, the group is looking to extend the repayment schedule on Rs 7,500 crore in loans by five years. The group is currently working on a formal resolution plan, which will be submitted to lenders soon. The consortium of lenders to the group is led by State Bank of India.
*The consortium of lenders to the group is led by State Bank of India*.
Future Group, which owns one of India’s largest retail store chains, will also be looking at some operational restructuring as part of the plan. According to the first of the three people quoted above, Future Group will consider cutting down the size of some of its retail outlets, where footfalls have been lower
In April, Fitch Ratings downgraded the group’s flagship company Future Retail Ltd (FRL) to B- from BB, citing liquidity concerns after a recent drop in the company’s share price. The drop in share prices had prompted lenders to promoter entity Future Corporate Resources Pvt Ltd (FCRPL) to seek more Future Retail shares as collateral, Fitch noted. The rating agency also said that it is placing theflagship company on rating watch.
“Nearly all of FCRPL 41.1 percent stake in FRL has been pledged to lenders and certain lenders are attempting to invoke pledges on shares that amount to an 8 percent stake in FRL following a breach of the collateral coverage requirement,” Fitch said in a note on April 2.
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NSE:FRETAIL price when posted: 76.65
Recent posts in FRETAIL

Type
Buy
Instrument
FRETAIL
Entry Price
₹111.05
Price@Trade
₹111.05
Target Price
₹250
Stop Price
₹50
Valid Till
Jul 13, 2021 3:20 AM
Margin
₹55,525 approx for 500 Qty
Status
Active
Like
Reply

Type
Buy
Instrument
FRETAIL
Entry Price
₹111.05
Price@Trade
₹111.05
Target Price
₹170
Stop Price
₹100
Valid Till
Aug 13, 2020 3:20 AM
Margin
₹111,050 approx for 1000 Qty
Status
Active
1
Reply
N
Reputation: 4,039 • Jul 10 4:28 AM
Trade Spotlight: TCS, IRB Infra, Tejas Network, Future Retail, IDBI bank in focus
The Nifty reclaimed 10,800 levels on July 9 but the bulls will only be able to take control once the index breaks above 10,900 levels.
Moneycontrol
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N
Reputation: 4,039 • Jul 3 8:38 AM
Ask Moneycontrol: Experts answer reader queries on IOC, ONGC and other stocks
Stock selection remains to be the key at this point in time, suggest experts
Moneycontrol
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K
Reputation: 8,249 • Jul 2 6:45 AM

FUTURE RETAILS: CO CLARIFIES ON THE NEWS ITEM - “RELIANCE INDUSTRIES NEARS DEAL TO ACQUIRE RETAIL BUSINESSES OF FUTURE GROUP'' || CO SAYS NO SUCH DECISION TAKEN BY BOARD AT PRESENT
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Reply (3)

Type
Buy
Instrument
FRETAIL
Entry Price
₹142
Price@Trade
₹142
Target Price
₹800
Stop Price
₹1
Valid Till
Jul 2, 2021 3:20 AM
Margin
₹142,000 approx for 1000 Qty
Status
Active
Like
Reply