SEBI Nod, BSE No-Adverse-Observation Status Paves Way For Reliance-Future Deal
Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no-objection certification. Twitter Outlook Web Bureau 2021-01-21T11:25:12+05:30 SEBI Nod, BSE No-Adverse-Observation Status Paves Way For Reliance-Future Deal outlookindia.com 2021-01-21T11:32:27+05:30
Future Group s scheme of arrangement and sale of assets to Reliance was given a go-ahead by market regulator SEBI on Wednesday, based on which the Bombay Stock Exchange also granted its no adverse observation report to the Rs 24,713-crore deal.
The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August.