Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt, which may save the company from facing the rigour of the insolvency process, according to industry sources.
source https://economictimes.indiatimes.com/industry/banking/finance/insure/future-enterprises-to-raise-rs-3000-cr-from-insurance-biz-sale-aims-to-pare-debt-avoid-insolvency/articleshow/91415753.cms
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