Why are future groups falling?
Apart from the ₹ 10,000 crore debt, Future Retail is also under stress financially. The retail giant had reported a revenue of ₹6,437 crore in the financial year that ended in March 2021, with a loss of ₹3,180 crore as net loss.
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).
Is future consumer a good buy?
4. Is Future Consumer a good long term investment? Past 10 years financial track record analysis by Moneyworks4me indicates that Future Consumer Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.
FRETAIL is trading in the lower range of yearly prices. FRETAIL is trading in the lower range of the quarterly prices.
What will happen to Future Group?
If the Reliance-Future group deal is delayed further, Kishore Biyani’s group companies will end up in insolvency, which will hit the banks. Future Group is fighting its final battle for existence. … The cash-strapped group companies jointly owe around ₹19,000 crore to banks, besides the ₹6,000 crore dues to the vendors.
Who is buying Future Group?
On 29 August 2020, it was announced that Reliance Retail had reached an agreement with Future Group to acquire its retail and wholesale business, and also its logistics and warehousing businesses for $3.4 billion. Reliance Retail extends deadline to complete Rs 24,713 crore deal with Future Group.
Will RIL buy future retail?
In August last year, Reliance Retail Ventures Ltd (RRVL) had said it will acquire the retail and wholesale business, and the logistics and warehousing business of Future Group for Rs 24,713 crore.
Stocks to Buy Today: Best Shares to Buy in India