Future Retail is currently trading at its upper circuit limit of Rs. 81.35, up by 3.85 points or 4.97% from its previous closing of Rs. 77.50 on the BSE.
The scrip opened at Rs. 81.35 and has touched a high and low of Rs. 81.35 and Rs. 81.35 respectively. So far 415653 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 382.55 on 13-Feb-2020 and a 52 week low of Rs. 61.05 on 09-Apr-2020.
Last one week high and low of the scrip stood at Rs. 81.35 and Rs. 73.20 respectively. The current market cap of the company is Rs. 4411.48 crore.
The promoters holding in the company stood at 28.00%, while Institutions and Non-Institutions held 8.97% and 63.03% respectively.
Future Retail has received Securities and Exchange Board of India’s (Sebi) approval on Reliance Industries’ (RIL) subsidiary -- Reliance Retail Ventures’ (RRVL) acquisition of Future Group’s retail assets. The market regulator gave its nod to the deal and noted that company shall ensure that the shares of the transferee entity issued in lieu of the locked-in shares of the transferor entities is subjected to lock-in for the remaining period post scheme.
Earlier, Reliance Industries’ (RIL) subsidiary -- Reliance Retail Ventures (RRVL) was eyeing acquiring the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore, subject to adjustments as set-out in the composite scheme of arrangement (Scheme).
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 on ground that its challenge to the agreement was before the Delhi High Court.
Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.
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