Good news about future retail Kishore Biyani took back his resignation
read on the appKishore Biyani has withdrawn his resignation from the post of Executive Chairman of Future Retail Limited. The company has shared its information on 10 March 2023.
Kishore Biyani resigned from the post of Chairman and Director of Future Retail on 23 January 2023. Let me tell you, according to the bankruptcy rules, his resignation was placed
before the Committee of Creditors. The company has said in the information given to the stock exchange that the company had expressed its objection to the resignation of Kishore
Biyani. and requested him to withdraw it. Which has been accepted by Kishore Biyani. Let me tell you, in response to the resignation from the company, Kishore Biyani was mailed on
February 1. Dividend of Rs 77 on 1 share, ex-dividend date today
Kovid created a crisis
Future Retail is surrounded by troubles at the moment. The company is
in debt. At the same time, Corona had given a deep blow to the plans of the company. The nationwide lockdown and Covid had a bad impact on the company's sales and net worth. Last
year, the company told the stock market that the second and third wave of Corona had worsened the financial conditions of the company. Reliance also gave a blow
In
August 2020, Future Retail had told that a deal has been done with Reliance Retail for Rs 24,713 crore. In this deal, there was talk of selling Future Group Retail, Logistics and
Warehousing. Future Retail hoped that after this deal, the interests of its stake holders would be saved. But even this deal has not been successful. Company will build station for
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