Future Group shares soar after court lifts hold on Reliance deal
Shares in Future Group companies jumped nearly 10% on Tuesday, a day after an Indian court overturned an order that had stalled Future Group`s $3.4 billion deal to sell its retail assets to conglomerate Reliance Industries Ltd.
Shares in Future Group companies jumped nearly 10% on Tuesday, a day after an Indian court overturned an order that had stalled Future Group`s $3.4 billion deal to sell its retail assets to conglomerate Reliance Industries Ltd.
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https://bit.ly/3tFlVj7 to the stock exchanges late on Monday.Shares of Future Retail rose nearly 10% to 80.50 rupees in early trade, while Future Consumer, Future Enterprises and Future Lifestyle Fashions gained between 8.2% and 9.9%.
Future Retail is also set to report results for the quarter ended Dec. 31 later in the day.
(Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Rashmi Aich)
The story has been taken from a news agency
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