NCLT allows Future Retail to seek deal approval
Amazon, which is contesting the transaction between Kishore Biyani and Reliance, had moved the tribunal against the meetings
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Amazon, which is contesting the transaction between Kishore Biyani and Reliance, had moved the tribunal against the meetings
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Shares in Future Group companies surged on Monday following reports that India's top retailer Reliance Industries would take on at least 200 Future Retail stores after the debt-laden group failed to make lease payments for them to Reliance.
NSE Nifty 50 index ended up 0.81 per cent at 16,793.90, while the S&P BSE Sensex rose 0.70 per cent or 388.76 points to 56,247.28.
Indian stocks recovered early losses to close higher on Monday as energy and metal stocks gained, while shares of Future Group companies rose on reports Reliance would take over its retail stores. ... | February 28, 2022