Future Enterprises to raise Rs 3,000 cr from insurance biz sale; aims to pare debt, avoid insolvency

Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt, which may save the company from facing the rigour of the insolvency process, according to industry sources.

from Banking/Finance-Industry-Economic Times https://ift.tt/tlUaN1i