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Future-RIL deal gets SEBI nod

Future Retail’s Rs 24,713-crore deal to sell its retail assets to Reliance Industries (RIL) has got approvals from stock exchanges with certain riders.

New Delhi, January 21

Future Retail’s Rs 24,713-crore deal to sell its retail assets to Reliance Industries (RIL) has got approvals from stock exchanges with certain riders.

The indebted group will have to seek shareholders’ nod for the deal and get an approval from the National Company Law Tribunal (NCLT).

Markets regulator SEBI has also given a go-ahead to Future Group’s scheme of arrangement and sale of assets to Reliance Industries Ltd (RIL). — PTI

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