The state-owned Bank of India, the leading lender to FRL, has already approached the National Company Law Tribunal (NCLT) for a resolution under the Insolvency and Bankruptcy Code (IBC).
IFPL has now become a wholly-owned subsidiary of FCL Tradevest and continues to be a step-down subsidiary of Future Consumer.
Share of Future Retail zoomed 9.94% to Rs 61.4 against previous close of Rs 55.90 on BSE. The Future Group stock has gained after 6 days of consecutive fall
Future Group stock news: Shares of Kishore Biyani-led Future Group companies fell up to 10%; Future Enterprises declined 9.32%, Future Consumer fell 9.96 percent, and Future Lifestyle Fashions 9.99 per cent lower circuit. Shares in Future Retail tumbled 9.99 per cent and Future Supply Chain Solutions dropped 5 per cent
While share of Future Consumer was down 4.75% at Rs 7.82, Future Lifestyle share fell 4.98% to Rs 83.95 on BSE
The Rs 24,713 crore deal announced in August would boost Reliance Industries' fast growing retail business; CCI's approval to the agreement comes amid Amazon's stern opposition
Stocks to watch today on September 9: IRCTC, Wipro, Future Consumer, PowerGrid, CG Power among others are the top stocks to watch out for in Wednesday's trading session.
Stocks to watch today on September 9: IRCTC, Wipro, Future Consumer, PowerGrid, CG Power among others are the top stocks to watch out for in Wednesday's trading session
Future Retail share has gained 24.76% in a month reversing some losses it incurred in 2020 and last one year
Share price of Future Consumer rose up to 11.13% to Rs 25.95 in trade today compared to the previous close of Rs 23.35 on BSE. The small cap share closed 8.57% higher at Rs 25.35 on BSE today.
Future Consumer share price closed 1.94% lower at Rs 25.30 on BSE. Future Consumer share has been falling for the last seven days and lost 17.46% during the period. The small cap share has lost 45% since the beginning of this year and lost 36% during the last one year.
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