RIL entities seek NCLT nod for shareholders' meeting to approve Future Group deal
SECTIONS
Last Updated: May 20, 2021, 11:02 PM IST
Share
Synopsis
Reliance Retail and Reliance Fashion have approached the National Company Law Tribunal (NCLT) seeking its permission to hold meetings of their shareholders and creditors to consider and approve the proposed merger with Future Group's retail, logistics and warehousing business in a Rs 24,713 crore deal.
Reliance Retail and Reliance Fashion have approached the National Company Law Tribunal (NCLT) seeking its permission to hold meetings of their shareholders and creditors to consider and approve the proposed merger with Future Group's retail, logistics and warehousing business in a Rs 24,713 crore deal. The Mumbai bench of NCLT had on Wednesday reserved its order over the application moved by the step-down firms of Reliance Industries Ltd (RIL).