Biyani

Biyani”s Future group ran into financial trouble earlier this year after his listed entity Future Retail defaulted on debt repayment and lenders invoked pledged shares, a drastic low for a man who in 2019 was listed as the 80th richest Indian with USD 1.78 billion (around Rs 13,016 crore) wealth by Forbes.
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According to some report, the debt of Future Group has now expanded to around Rs 13,000 crore and most of the shares of the promoter’s group are pledged.

-OutLook India

Business is hard. Retail business is harder.