Thursday , October 21 2021

Future Retail soars as CCI approves to Amazon investment

Future Retail is currently trading at Rs. 339.95, up by 11.85 points or 3.61% from its previous closing of Rs. 328.10 on the BSE.

The scrip opened at Rs. 342.00 and has touched a high and low of Rs. 387.90 and Rs. 337.45 respectively. So far 134995 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 574.00 on 24-Dec-2018 and a 52 week low of Rs. 323.55 on 19-Nov-2019.

Last one week high and low of the scrip stood at Rs. 387.90 and Rs. 326.00 respectively. The current market cap of the company is Rs. 17638.69 crore.

The promoters holding in the company stood at 47.02%, while Institutions and Non-Institutions held 28.10% and 24.88% respectively.

The Competition Commission of India (CCI) has given in-principal approval for Amazon’s proposal to acquire 49% stake in Future Retail’s promoter group company– Future Coupons. The proposal consists of certain other constituent steps involving FCL, Future Corporate Resources (FCRPL), and Future Retail.

Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.

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