Apparel, FMCG cos urge SEBI to clear RIL-Future deal
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Two industry associations representing apparel companies and distributors of fast-moving consumer goods (FMCG) companies have written to the Securities and Exchange Board of India (Sebi), urging the market regulator to review and approve Future Group s deal with Reliance Retail Ventures quickly.
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Mumbai: Two industry associations representing apparel companies and distributors of fast-moving consumer goods (FMCG) companies have written to the Securities and Exchange Board of India (Sebi), urging the market regulator to review and approve Future Group s deal with Reliance Retail Ventures quickly. A quick resolution might help them recover about Rs 6,000 crore in dues, pending almost a year.