ADVERTISEMENT
Margin Calls In Times Of Covid-19
There could be dangerous implications of the Bombay High Court order in the Future Retail case.
01 Apr 2020, 01:28 PM IST i

Save

A security guard holds an infrared thermometer while standing at the entrance to the Bombay Stock Exchange in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
The Bombay High Court recently passed an order injuncting IDBI Trusteeship Services Ltd. from selling the shares of Future Retail Ltd., which were pledged as a security for the debentures issued by another Future group promoter company. The reason underlying this relief is a sharp decline of over 60 percent in the value of the equity stock of Future Retail since the beginning of March, due to the spread of Covid-19 in India and the s...

I’m already a Subscriber
To continue reading this story
Subscribe to Unlock & Enjoy your
Subscriber-Only benefits
Subscriber-Only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Subscriber-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Subscriber-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
ADVERTISEMENT