RBL Bank is seeking buyers for loan exposure to Future Corporate Resources Pvt Ltd, holding a majority stake in Future Coupon
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10 December 2021, Mumbai:
FUTURE Corporate Resources among 25 co loans the lender plans to sell.
RBL Bank is seeking buyers for its 105-crore loan exposure to Future Corporate Resources Pvt Ltd (FCRPL), which holds a majority stake in Future Coupon, a 51:49 joint venture with Amazon, said people with knowledge of the matter.
FCRPL is among 25 corporate loans for which RBL is seeking offers, the people said. The decision to sell it co- "The comes in the wake of considerable de- has been lay in the two-stage merger of 19 Fu- and yet t ture Group companies with Future melines, Enterprises, followed by a slump sa- aware of le to Reliance Group entities.
RBL is the first private bank to invi- te offers for a Future company. Over with the a dozen lenders have a cumulative lo- king to b an exposure of over 25,000 crore to Reliance companies of the Kishore Biyani promoted group.
Source: ET dated 10-12-221 (The news article has not been edited by DFU Publications staff)
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