Future Retail Locked In 5% Upper Circuit On Relisting

Shares of Future Retail jumped as much as 5 per cent to Rs 160.65 after its shares were relisted on stock exchanges today.

The stock listed at Rs 153 on the Bombay Stock Exchange. 

The shares of the company were relisted on the exchanges today after retail business of Future Group was merged with Bharti Retail. After merger of Future Retail and Bharti Retail, company will become biggest supermarket chain with a turnover of Rs 15,000 crore.

Kishore Biyani will be the managing director of the new entity and it will house departmental stores such as Big Bazaar, EasyDay, KB's Fair Price, Food Bazaar and Foodhall.

Shares of Future Retail were locked in upper circuit of 5 per cent at Rs 160.65.
 

Shares of Future Retail jumped as much as 5 per cent to Rs 160.65 after its shares were relisted on stock exchanges today.

The stock listed at Rs 153 on the Bombay Stock Exchange. 

The shares of the company were relisted on the exchanges today after retail business of Future Group was merged with Bharti Retail. After merger of Future Retail and Bharti Retail, company will become biggest supermarket chain with a turnover of Rs 15,000 crore.

Kishore Biyani will be the managing director of the new entity and it will house departmental stores such as Big Bazaar, EasyDay, KB's Fair Price, Food Bazaar and Foodhall.

Shares of Future Retail were locked in upper circuit of 5 per cent at Rs 160.65.