Future shareholders meeting in April
For the approval of Reliance Deal: Future Group, headed by Kishore Biyani, has convened meetings of shareholders and lenders on April 20-21. Reliance’s Rs. Future Group-listed companies told stock exchanges on Saturday that they were holding these meetings seeking approval for a transaction of Rs 24,713 crore. Future is holding shareholders ‘and creditors’ meetings as per the orders issued by the Mumbai bench of the National Company Law Tribunal (NCLT) on February 28. Future Group entered into an agreement in August 2020 to sell its retail, wholesale, and logistics business to Reliance. That transaction is not yet complete for a variety of reasons.