In this deal, Future Group will merge all its listed and unlisted companies into Future Enterprises Limited (FEL). … Shareholders of Future Retail will get 101 shares of FEL for every 10 held. This values Future Retail at Rs 202, or a 51 per cent premium to Friday’s closing price of Rs 135.20.
What will happen to future retail shareholders?
Future Retail shareholders will receive 101 shares of FEL, for every 10 held. Compared to its last closing price of Rs 135.20 (49 percent premium), this values the Future Retail at Rs 202. Future Supply Chain shareholders will receive 131 shares of FEL for every 10 held.
Will future retail share merger?
The agreement to merge the retail and wholesale businesses of Future group into Reliance Retail had been signed in August 2020. On 20 March 2021, Delhi High Court provided relief to the promoters of Future Group from any attachment of assets. Just a few days earlier, a single-judge bench had ruled in favour of Amazon.
Why are future retail shares going down?
The company’s shares plummeted a day after the Delhi High Court upheld the Emergency Award (EA) order passed by the Singapore International Arbitration Centre (SIAC) against Future Retail’s Rs 24,713 crore deal with a subsidiary of Mukesh Ambani’s Reliance Industries Limited (RIL).
Who is the owner of future retail now?
What is the target of future retail?
If the price of Future Retail is trading above 62.17 then possibility of upside targets getting achieved is higher.
What is the swap ratio of future retail?
Acquisition of Future Group by Reliance- –A Much Awaited Deal
|S. No.||Name of the Entity||Swap Ratio|
|4||Future Retail Limited (FRL)||101 Shares of FEL will be issued against 10 shares of FRL|
|5||Future Supply Chain Solutions Limited (FSCSL)||131 Shares of FEL will be issued against 10 shares of FSCSL|
Will Future Group shareholders get Reliance share?
“By adding Future’s retail business to its shopping cart, Reliance Retail became the undisputed leader in the Indian retail sector, and that is one more positive for RIL shareholders.” Reliance Group will be taking a 13.14 per cent stake in Future Enterprises for Rs 2,800 crore, valuing the company at Rs 21,000 crore.
What will be the price of FEL after merger?
Oct’20, each share of FEL was priced at Rs. 12.9 per share. It means, the value of 101 nos shares will be Rs. 1,302.9 (101 x 12.9).
What is the business of future retail?
Future Retail Limited (FRL) is an India-based company, engaged in the business of retailing a range of household and consumer products through departmental store facilities under various formats. The company is primarily engaged in the business of multi-brand retail trade.
Will future reliance deal happen?
The Supreme Court has halted the regulatory approval for Future Group’s deal with Reliance after Amazon filed a fresh petition. … The SC bench said the proceedings before the NCLT will go on, but it will not culminate into any final order on the amalgamation of FRL with Reliance.