News for Future Market Networks Limited (FMNL.BO)

November 21, 2022 The Manager Listing Department National Stock Exchange of India Ltd Exchange... | November 21, 2022

September 24, 2022 The... | September 24, 2022

All listed Future group companies hit their lower-price circuits for the second consecutive day as they failed to secure the ₹24,713 crore deal with RIL.

The sharp correction came on a day when key indices suffered losses

The sharp correction came on a day when key indices suffered losses

Future Retail, Future Enterprises, Future Supply Chain Solutions, and other Future group stocks crashed up to 20 per cent on Monday after Future Retail and Reliance Industries subsidiary Reliance Retail Ventures deal called off, with the majority of lenders voting against the takeover by the latter.

The stock of Future Consumer plummeted 19.91 per cent, Future Supply Chain Solutions slipped 19.96 per cent, Future Lifestyle Fashions 19.89 per cent, Future Enterprises tumbled 9.87 per cent and Future Retail fell 4.96 per cent on the BSE.

Shares of Future Group firms on Monday faced heavy drubbing, tanking up to 20 per cent, after Reliance Industries said its Rs 24,713-crore deal to acquire Future Groups assets cannot be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal.

Kishore Biyani’s Future group shares plunged up to 12% after bankers to the debt-laden company rejected Reliance Retail’s proposed takeover bid.

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Bulls seemed to be in control on Dalal Street on Wednesday morning with benchmark indices soaring higher.

Future group stocks hit the upper circuit on Tuesday after the Delhi High Court allowed the Kishore Biyani company to go-head with Reliance Industries Ltd (RIL) deal.

Most of the Future group shares have hit their respective lower circuits on Thursday, after the capital market regulator Sebi banned Kishore Biyani, along with certain other promoters of Future Retail Ltd