Reliance Retail Extends Deal With Future

Reliance Retail extends deal with Future: Reliance Industries Ltd.

The retail arm of Reliance Retail Ventures has extended the deadline for the second time till March 31, 2022, to complete the Rs 24,713 crore deal with Future Group.

As the deal is yet to receive regulatory and judicial approval.

Reliance Retail Ventures Limited (RRVL) has extended the deadline for completion of the deal from September 30, 2021, to March 31, 2022.

This has been duly accepted by Reliance Retail and Fashion Lifestyle Limited, Future Retail said in a stock exchange information on Friday, Future Retail said.

Reliance Retail & Fashion Lifestyle Limited is a wholly-owned entity of RRVL.

Earlier, RRVL had extended the deadline for completion of the deal from March 31, 2021, to September 30, 2021, Future Retail said in a regulatory notice.

Reliance Retail extends deal: Reliance’s market cap crosses the Rs 16 lakh crore mark.

On the other hand, Reliance Industries got the benefit of the rise in the stock market last week.

Its market capitalization (market cap) had crossed the Rs 16 lakh crore mark. The company’s stock had closed at Rs 2,525.20 with a gain of 1.70 percent on the BSE.

During trading, it went up by 1.85 percent to Rs 2,529. On the National Stock Exchange, the company’s stock closed at Rs 2,524.45, up 1.68 percent. However, it was damaged by a subsequent fall.

The market capitalization of Reliance Industries was Rs 16,00,836.18 crore. The market capitalization of the company had crossed the Rs 16 lakh crore mark during the course of the business.

Earlier on September 3, the company’s market capitalization had reached Rs 15 lakh crore. On June 3, the company’s market valuation had crossed Rs 14 lakh crore.

The stock of Reliance Industries has gained 27.23 percent so far this year.

Petrol-Diesel becomes expensive again, today 1 liter of oil is available at this rate.

Petrol-Diesel prices increased again on Saturday. State-owned oil companies have increased the price of diesel by 25 paise per liter while petrol by 20 paise per liter is costlier.

Petrol in Delhi has now become Rs 102.14 per liter. While diesel has reached Rs 90.48 per liter. At the same time, petrol is being sold at Rs 110.59 per liter in Bhopal.