India's Future Group creditors mull options to recover loans worth $2.5b

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

Future Group‘s creditors are exploring options to recover more than $2.5 billion in loans, amid worries the Indian retailer’s planned sale of assets to Reliance Industries could fail, four bankers with knowledge of the matter said.

Future may face liquidation if the deal, already mired in legal wrangling, falls through and banks are actively discussing an alternate one-time restructuring option that could include an easier repayment tenure and fresh capital infusion, the people said on condition of anonymity as the talks are private.

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