Reliance calls off Rs 24,713-cr deal with Future after secured creditors gives a thumbs down
Reliance calls off Rs 24,713-cr deal with Future after secured creditors gives a thumbs down
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Reliance calls off Rs 24,713-cr deal with Future after secured creditors gives a thumbs down
Reliance on Saturday called off Rs 24,713-crore deal with Kishore Biyani-led Future Group to acquire its retail, wholesale, logistics and warehousing assets as secured creditors of the latter voted against it.
The Sensex and Nifty are set to open sharply lower on Friday, following weak cues from Asian peers and bearish trends at SGX Nifty futures.
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.