As attached
Awaiting price reaction for this filing.
Future Retail Limited has sold its entire 100% equity stake in Travel News Services India Pvt. Ltd. (which holds TNSI Retail Pvt Ltd and Welcome Retail Pvt Ltd) to Shauriya Aeronautics Private Limited. The sale was concluded through an e-auction process held on 25th April 2025, with the letter of intent issued on 6th May 2025. The transaction was executed by Sanjay Gupta, the appointed Liquidator (IBBI registered), indicating the company is currently under the insolvency liquidation process. This filing has been made to both BSE and NSE under SEBI Listing Obligations disclosure norms.
This is part of Future Retail's ongoing liquidation process under the IBC framework, where the Liquidator is monetising assets to repay creditors. Existing shareholders are unlikely to receive any value as liquidation proceeds are typically distributed to creditors first, and the equity is already effectively worthless.