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Why Future Retail share rose 5% today- Business News


Why Future Retail share rose 5% today
Future Retail Stock touched an intraday high of Rs 47, rising 4.91% against previous close of Rs 44.75 on BSE.
BusinessToday.In | April 5, 2021 | Updated 14:29 IST
Future Retail share is trading lower than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Future Retail share hit upper circuit of 5% today after  Mukesh Ambani-led Reliance Retail Ventures extended the timeline to complete its Rs 24,713 crore deal with Kishore Biyani-led Future group for six months. The stock has gained 10.07% in the last 2 days.
The stock opened with a gain of 3.68%  at Rs 46.95 against previous close of Rs 44.75 on BSE. Later, Future Retail Stock touched an intraday high of Rs 47, rising 4.91%. Future Retail share is trading lower than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. However, the share has lost 34% in one year and fallen 40% since the beginning of this year. ....

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Reliance Retail extends deadline to complete Rs 24,713 crore deal with Future Group


Reliance Retail extends deadline to complete Rs 24,713 crore deal with Future Group
The deal, which is contested by Amazon, is facing legal hurdles and a decision from the Supreme Court is pending over the petition filed by the e-commerce major.
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By PTI
NEW DELHI: Reliance Retail Ventures, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore deal with Kishore Biyani-led future group to buy its retail and wholesale business.
Reliance Retail Ventures Ltd (RRVL) has extended the timeline for the Long Stop Date from March 31, 2021 to September 30, 2021, said a regulatory filing by Future Retail. ....

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RIL-Future Retail: Deadline to complete Rs 24,713 cr deal extended by 6 months


RIL-Future Retail: Deadline to complete Rs 24,713 cr deal extended by 6 months
The Delhi High Court on March 21 stayed the single judge bench order restraining Future Retail and Reliance Retail from carrying forth the Rs 24,713 crore deal
BusinessToday.In | April 2, 2021 | Updated 14:28 IST
The deal has been opposed by Jeff Bezos-led Amazon, and both Future and RIL are facing legal hurdles
Mukesh Ambani-led Reliance Retail Ventures has extended the timeline to complete its Rs 24,713 crore deal with Kishore Biyani-led Future group for six months. Future Retail, in a regulatory statement, confirmed Reliance Retail has extended the timeline for the Long Stop Date from March 31, 2021 to September 30, 2021. The deal has been opposed by Jeff Bezos-led Amazon, and both Future and RIL are facing legal hurdles in sealing the deal. ....

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Reliance Retail extends deadline to complete Rs 24,713 cr deal with Future


Reliance Retail Ventures, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore deal with Kishore Biyani-led future group to buy its retail and wholesale business.
Reliance Retail Ventures Ltd (RRVL) has extended the timeline for the Long Stop Date from March 31, 2021 to September 30, 2021, said a regulatory filing by Future Retail.
Pursuant to the provisions of scheme and other transaction documents executed in relation thereto, RRVL has in exercise of the right provided thereunder, extended the timeline for Long Stop Date from March 31, 2021 to September 30, 2021 which has been duly acknowledged by Reliance Retail and Fashion Lifestyle Limited, wholly-owned subsidiary of RRVL, it said. ....

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