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Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher.
Indian equities snapped a two-session losing streak and closed higher on Tuesday as broader global stocks edged up.
Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises fell between 5 per cent and 20 per cent., , future group
Future Group shares tumble up to 20% post-announcement of acquisition by Reliance Industries
Indian shares fell sharply on Monday as prospects of aggressive rate hikes by the US Federal Reserve hit investors' appetite for risky assets.