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Ambani-Biyani deal: Retail arm leads Future firms' rally on bourses

As part of the deal announced on Saturday, Future Group will be selling its retail assets to Reliance Retail in a deal pegged at Rs 24,713 crore

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While the near-term could lead to an uptick in prices, brokerages are sceptical about the post-merger returns

3 min read Last Updated : Aug 31 2020 | 11:48 PM IST

In a weak market, the listed stocks of Future Group were the biggest gainers on Monday. The gainers were led by Future Retail (FRL), which was up 20 per cent. Most other stocks hit their upper circuit, gaining 5 per cent each. As part of the deal announced on Saturday, Future Group will be selling its retail assets to Reliance Retail in a deal pegged at Rs 24,713 crore.

Listed entities of the group will merge into Future Enterprises (FEL) at a determined swap ratio before the asset sale to Reliance Retail. Some brokerages believe the swap ratios are favourable and,

Topics : Future Group Future Retail Reliance Industries stock market trading

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