Ambani Adani JC Flowers in final list of 48 bidders for Future Retail share surges 4 percent today – Business News India
read on the appFuture Retail: The final list of buyers of debt-ridden Future Retail Limited has arrived. This list includes 48 companies including Ambani-Adani. 48 companies have
been included in the final list of eligible potential resolution applicants for future retail acquisition. These include Reliance Retail, Jindal Power Limited and Adani Group. The
resolution professional of Future Retail Limited (FRL) on Monday released the final list of 'eligible potential resolution applicants'. Let us tell you that the shares of Future
Retail rose up to 4% today. The company's shares closed at Rs 2.90. 48 companies in the race The resolution professional of FRL had prepared a list of 49 companies on April 10.
Lenders to FRL had decided to call for fresh bids by splitting the assets into different parts. Thereafter, these 49 companies had submitted their Expression of Interest (EoI). A
statement from the government and the shares of this sector ran at the speed of a bullet, prices jumped up to 14%
the names of these companiesOther companies that have
submitted EoIs include WHSmith Travels Limited, Sahara Enterprises, Century Copper Corporation, Greentech Worldwide, Harshavardhan Reddy, JC Flowers Asset Reconstruction Pvt Ltd,
Pinnacle Air Pvt Ltd and Universal Associates. Announcement of giving 1 for 1 bonus shares, as well as a dividend of ₹ 2 on each share, know the details
Let us tell
you that earlier this month, the Mumbai bench of the National Company Law Tribunal (NCLT) had given a 90-day extension to the resolution process of FRL and asked it to be completed
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