Shares of Reliance Industries gained nearly 2 per cent on the BSE, promoting markets above the 50,000 mark, after Sebi on Wednesday late night signed a Rs 24,713 crore deal by Reliance Industries to buy Future Group’s retail assets. Shocked Amazon’s efforts. Stopping the agreement. At 9:20 am, Reliance Industries shares were trading at Rs 2092.90, up by Rs 38 or 1.86 per cent higher on the BSE on the strength of news development. The shares touched an intra-day high of Rs 2093 and a low of Rs 2075.
The Bombay Stock Exchange (BSE) also approved its “no adverse observation” report along with other riders following approval from the market regulator.
In August 2020, Kishore Biyani signed a Rs 24,713 crore deal with Reliance Retail. Under the terms of the deal, Future Group will sell its retail, wholesale, logistics and warehousing business to Reliance Retail Retail Ventures (RRVL).
At 9:35 am, the BSE Sensex was up 50,000 points at 50,089.95, a strong 293 points or 0.59 percent, and the NSE Nifty was trading up 81.10 points or 0.56 percent at 14,727.852.