Reliance Shares Fall After Top Court Stalls Deal To Buy Future's Retail Assets

Shares of Reliance Industries fell as much as 2.54 per cent to hit an intraday low of Rs 2,079 on the BSE after the Supreme Court on Friday said Reliance Retail cannot go ahead with its $3.4 billion deal to buy Future Groups retail assets. In a big win for Amazon, the Supreme Court today said Reliance cannot go ahead with its $3.4 billion deal to buy Future Groups retail assets. The court backed an arbitrators decision to pause the d...