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Future Retails slips 5% for 8th straight trading day; stock hits new low

CARE Ratings has moved ratings of the company's instruments and facilities to "issuer not cooperating" category.

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SI Reporter Mumbai
Shares of Future Retail were locked in the 5 per cent lower circuit for the eighth straight trading day, at Rs 19.60, on the BSE in Thursday's trade after the company's Managing Director Rakesh Biyani stepped down while officials, including the company secretary of the debt-ridden firm, tendered resignations.

The stock was trading at record low levels and has slipped 36 per cent in the past two weeks. Till 01:37 PM, a combined 392,000 equity shares had changed hands and there are pending sell orders for 16 million shares on the NSE and BSE, exchange data shows.

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