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Mukesh Ambani wearing a match and tie: Future Group stocks rise up to twenty% after Reliance Industries buys retail business© India Today Group Future Group shares upward thrust up to 20% after Reliance Industries buys retail business
Future Group stocks rose in early trade these days after Mukesh Ambani-led Reliance Industries (RIL) said it might collect the retail & wholesale enterprise and the logistics & warehousing business from the Future Group on a droop sale foundation for Rs 24,713 crore.
While Future Enterprises share hit top circuit of 21.20, a upward thrust of five%, Future Retail percentage charge opened 20% better at Rs 162.30 on BSE.Reliance Industries percentage was trading 1.32% higher at Rs 2,143 towards previus near of Rs 2115.60 on BSE.
RIL will conduct the acquisiton via its subsidiary Reliance Retail Ventures Limited.
Reliance Retail buys Future Group's retail business for Rs 24,713 crore
"The above acquisition is being done as part of the Scheme in which Future Group is merging sure organizations carrying at the aforesaid companies into Future Enterprises Limited (FEL)," RIL said.
Reliance's Rs 24,713 crore cope with Future Retail includes Rs 12,000 crore debt
PM Modi’s ‘Mann Ki Baat’ Video Gets Over five Lakh Dislikes on YouTube Amid…
Shraddha Kapoor, Rajkummar Rao celebrate 2 years of Stree; Actress…
Mukesh Ambani wearing a match and tie: Future Group stocks rise up to twenty% after Reliance Industries buys retail business© India Today Group Future Group shares upward thrust up to 20% after Reliance Industries buys retail business
Future Group stocks rose in early trade these days after Mukesh Ambani-led Reliance Industries (RIL) said it might collect the retail & wholesale enterprise and the logistics & warehousing business from the Future Group on a droop sale foundation for Rs 24,713 crore.
While Future Enterprises share hit top circuit of 21.20, a upward thrust of five%, Future Retail percentage charge opened 20% better at Rs 162.30 on BSE.Reliance Industries percentage was trading 1.32% higher at Rs 2,143 towards previus near of Rs 2115.60 on BSE.
RIL will conduct the acquisiton via its subsidiary Reliance Retail Ventures Limited.
Reliance Retail buys Future Group's retail business for Rs 24,713 crore
"The above acquisition is being done as part of the Scheme in which Future Group is merging sure organizations carrying at the aforesaid companies into Future Enterprises Limited (FEL)," RIL said.
Reliance's Rs 24,713 crore cope with Future Retail includes Rs 12,000 crore debt
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