Future Group Shares Soar After Court Lifts Hold On Reliance Deal

Shares of Kishore Biyani-led Future Retail rose as much as 10 per cent to hit an intraday high of Rs 80.50 a day after Delhi High Court overturned its previous order that had stalled Future Group's Rs 24,713 crore deal to sell its retail assets to Reliance Retail, in a setback for Future's partner Amazon.com Inc, which had challenged the sale. The court's decision is the latest twist in the Future Group saga, coming after the court l...