India's Future Retail pays up $14m pending interest to investors, averts default

India's Future Retail pays up $14m pending interest to investors, averts default

The integration will see Future Retail adopt some of the international practices followed at Easyday put in place by Wal-Mart Stores Inc. Photo: Mint

Kishore Biyani’s flagship company Future Retail Ltd, which runs the popular supermarket chain BigBazaar, on Monday said it has paid $14 million (approximately 105 crore) in pending interest on dollar bonds, after missing last month’s due date.

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