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Reliance Industries, Future Group Stocks Slip As Supreme Court Rules In Favour Of Amazon
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SC to decide on Amazon s plea restraining Future Group-Reliance s ₹24,000 Cr deal on Aug 6
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RIL entities seek NCLT nod for shareholders meeting to approve Future Group deal
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Last Updated: May 20, 2021, 11:02 PM IST
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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).
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Nifty futures on the Singapore Exchange traded 82 points, or 0.57 per cent, higher at 14,320 in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today s trade:
HCL Tech,
Indiabulls Real Estate: HCL Tech, M&M Financial, Indiabulls Real Estate, Shiva Cement, GNA Axles and Oriental Hotels are some of the companies which will announce their March quarter results today.
Reliance Industries: RIL, through an international arm, is finalising the acquisition of Stoke Park, Britain’s first County Club, from the International Group (IG), owned by the King family, a second-generation UK family business, for around 60 million pounds (Rs 600 cr), they add.
Lenders to withdraw debt recast if Future-RIL deal goes through: Report
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