Future Group shares fall 5% as Delhi HC orders status quo on Reliance deal

Future Retail said the Company will explore all legal remedies and take appropriate steps to pursue the scheme of arrangement.

Shares of Future Group companies were locked in lower circuit on the BSE on Wednesday, in an otherwise strong market, after the Delhi High Court on Tuesday asked Future Retail to maintain status quo with respect to its $3.4 billion (about Rs 24,700 crore) deal with Reliance Retail. The court said it was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon. CLICK HERE FOR FULL DETAILS

Future Retail (Rs 78.10), Future Lifestyle Fashions (Rs 88.35), Future Consumer (Rs 8.21), Future Enterprises (Rs 11.73) and Future Supply Chain Solutions