Future Retail Share Latest News. Fretail Share price. Latest Updates on Future Group & Reliance Deal

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0:02 Introduction about the company
In this video we will learn about Future Retail Share Latest News. Fretail Share price. Latest Updates on Future Group & Reliance Deal
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01:06 - Fundamentals of the stock
The Kishore Biyani-led Future Group had been depending on the deal with Reliance to sell retail assets for Rs 24,713 crore, but it is yet to get approval from competent authorities. It may be noted that the National Company Law Tribunal (NCLT) has adjourned the case till March 15.

The above development has been reported by livemint newspaper, citing a few people directly aware of the matter.

Quoting anonymous sources, the report added that Mukesh Ambani’s Reliance has extended an internal deadline for completion of the purchase within six months to make up for the delay due to the legal battle between Future Group and Amazon, which has challenged the deal.
MUMBAI : Reliance Industries Ltd (RIL) has agreed to extend operational support to Future Retail Ltd to prevent its collapse while its ₹24,713-crore deal to buy the cash-strapped retailer’s assets awaits approval from a company law tribunal, two people directly aware of the matter said.

The National Company Law Tribunal (NCLT), which was due to announce its ruling on Tuesday, adjourned the case until 15 March.

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03:06 - Technicals Analysis of the stock
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07:00 Conclusion
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The Mukesh Ambani-led company has also extended an internal deadline for completion of the purchase by six months to accommodate for delays caused by a legal battle between Future Group and Inc., the people said on condition of anonymity, citing legal sensitivity. Firms usually set aside 3-9 months, depending on the transaction’s complexity, to secure regulatory approvals.
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