RIL seeks NCLT nod for shareholder meeting to approve Future group deal

Industry: Retail    2021-05-20

Reliance Industries (RIL) on Wednesday sou­ght permission from the Mumbai bench of the National Company Law Tribunal (NCLT) to hold a shareholders’ meeting to consider and approve the nearly Rs 25,000-crore deal signed last year between its subsidiary Reliance Retail and Future group.

RIL has already extended the deadline of closure of the deal with Future in anticip­ation of procedural as well as delays res­ulting from the legal battle between Amazon and Future group.

Source: Business-Standard