The pledge was invoked when the stock market collapsed resulting in fall in the minimum security cover. Future Group company has an outstanding loan of Rs 610 crore payable to UBS Bank. The HC also directed UBS to withdraw any orders already placed with brokers for sale for the pledged shares.
from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/39ryEL3
Monday, 30 March 2020
Bombay HC relief for Future Group Co against sale of pledged shares
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