Future group shares tumble up to 20% as future remains uncertain
Future Retail, Future Enterprises, Future Lifestyle, Future Consumer and Future Supply shares hit their respective lower circuits in intra-day trade.
Source: businesstoday.in
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Why share market is down today Sensex crashes over 600 points
Nifty 50 index was down 1.05 per cent or 180.50 points at 16,991.45, while the S&P BSE Sensex fell 1.07 per cent or 614.50 points to 56,582.65.
Source: indiatoday.in
Future Group to focus on saving, rebuilding its firms after RIL deal falls through
However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT.
Source: businesstoday.in
Future Group Firms' Shares Plunge Nearly 20% After Reliance Deal Falls Through
Shares of Future Group firms on Monday faced heavy drubbing, tanking up to 20 per cent after Reliance Industries said its Rs 24,713-crore deal to acquire Future Group's assets could not be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal.
Source: ndtv.com
India In-Focus — Future Group's stock plummets; UBS trims India's growth forecast
MUMBAI: Shares of Future Group companies fell sharply on Monday, some as much as 20 percent, after India’s biggest retailer Reliance called off its $3.4 billion deal with the group over the weekend, pushing its flagship Future Retail towards possible bankruptcy. Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future
Source: arabnews.com