RIL shares jump 3% as Future Retail deal gets CCI nod

7

Mumbai, Nov 23 | The shares of Reliance Industries (RIL) surged over three per cent on Monday as the Competition Commission of India (CCI) has approved the proposed buyout of Future Group’s retail assets by Reliance Retail Ventures Ltd.

Its shares on the BSE touched an intra-day high of Rs 1,970 per share.

At 11.42 a.m., the shares were trading at Rs 1,964.00, higher by Rs 64.80 or 3.41 per cent from its previous close.

Shares of Future Retail also surged on Monday. Currently, its stock price on the BSE is at Rs 79, higher by Rs 7.15 or 9.95 per cent from its previous close.

Despite Amazon’s objections, the antitrust body has cleared the Future-Reliance deal and the development has given a boost to the investor sentiments

Announcing the decision on Twitter on Friday, CCI said, “Commission approves acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited.”

Source: IANS

Sponsors Posts

1BHK Flats in Jabalpur for sale at budget price ?

1BHK Flats in Jabalpur for sale at budget price ?

Approximate 200+ 1BHK apartments or flats in Jabalpur available for sale at budget price

As per available data with BhaskarProperty.com approximate 200+ 1BHK Residential Flats for Sale in Jabalpur at a very low price. This is the right time for small property buyer to grab new property in Jabalpur with multiple benefits.

At this time Builder and Developer in Jabalpur also target to the maximum sale before the end of year. Also banks are giving low rate loan for housing. The 1BHK Flats for sale at multiple prime residential location in Jabalpur are available.

1BHK apartment’s starting price in Jabalpur is 12.0 Lac*

Some of the Real Estate Developer in Jabalpur are offering 1BHK Flat at Just 12.0 Lac (Starting Price) with multiple benefits like lift, parking, 24×7 water, CCTV and many more.

You can find more details about these from bhaskarproperty.com a Jabalpur Real Estate Website.

Most preferred residential location in Jabalpur

The most preferred residential locations in Jabalpur are Civil Lines, Vijay Nagar, Kachnar City, Napier Town, Wright Town, Lekha Nagar, Sadar, Sneh Nagar, Hathital and many more.

BhaskarProperty.com is the best property portal for Jabalpur Real Estate market

The Bhaskar Property (bhaskarproperty.com) have property’s photos, video, walkthrough, location map and property browser with information. Also they provide the direct contact details of property owner and agent to whom a property buyer can directly contact.

Don’t forget to visit bhaskarproperty.com now.

LEAVE A REPLY

Please enter your comment!
Please enter your name here