SEBI Nod, BSE No-Adverse-Observation Status Paves Way For Reliance-Future Deal
Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no-objection certification. Twitter Outlook Web Bureau 2021-01-21T11:25:12+05:30 SEBI Nod, BSE No-Adverse-Observation Status Paves Way For Reliance-Future Deal outlookindia.com 2021-01-21T11:32:27+05:30
Future Group s scheme of arrangement and sale of assets to Reliance was given a go-ahead by market regulator SEBI on Wednesday, based on which the Bombay Stock Exchange also granted its no adverse observation report to the Rs 24,713-crore deal.
The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August.
SEBI approves Reliance-Future deal, BSE grants no-adverse-observation status
The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August
PTI | January 21, 2021 | Updated 07:55 IST
Market regulator SEBI gave a go-ahead on Wednesday to Future Group s scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its no adverse observation report to the Rs 24,713-crore deal. Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no objection certification on ground that its challenge to the agreement was before the Delhi High Court.
Rs 24,700 crore Reliance-Future deal gets SEBI nod, BSE grants no-adverse-observation status freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
UPDATED: January 17, 2021 17:29 IST
In the hot seat: Finance Minister Nirmala Sitharaman at
a press conference in November 2020 (Photo: Getty Images)
When Finance Minister Nirmala Sitharaman presents Budget 2021 on February 1, the circumstances that she will do so in will be, without doubt, exceptional. The Covid-19 lockdown last year was an economic earthquake of sorts, comparable to the global financial crisis sparked off by the collapse of Lehman Brothers in September 2008. D.K. Joshi, chief economist at Crisil, says, No other budget compares as closely to the upcoming one as the one that followed the Lehman Brothers crisis. Thanks to the fiscal stimuli rolled out in 2008-09, India emerged rather unscathed from that crisis, though the splurge seeded other problems, including a spate of corporate bankruptcies and mounting bad loans in the following years.