Future Enterprises advanced 8.48% to Rs 35.80 at 13:47 IST on BSE after the company executed agreement to acquire majority stake in Livquick.
The announcement was made after market hours on Monday, 1 October 2018. Stock markets were closed yesterday, 2 October 2018 for local holiday.Meanwhile, the S&P BSE Sensex was down 201.41 points, or 0.55% to 36,324.73
On the BSE, 1.51 lakh shares were traded in the counter so far, compared with average daily volumes of 1.35 lakh shares in the past two weeks. The stock had hit a high of Rs 36.15 and a low of Rs 32 so far during the day.
Future Enterprises announced that the company has executed shareholders agreement and share subscription agreement, to acquire majority stake in Livquick Technology (India) (Livquick). Consequent to subscription of the majority share capital, Livquick will become subsidiary of the company.
Future Enterprises develops, owns and leases the retail infrastructure for the Future Group.
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