Future Group Shares Dip By 10% Following Asset Sale Blockade

Following the Delhi High Court's recent direction in Reliance-Future deal case, shares of Future Retail on March 19 plummeted nearly 10% to Rs 55.90. Stocks of sister companies like Future Consumer, Future Lifestyle Fashions and Future Enterprises also tumbled by 8-10%. Recently, the court ordered blockade on sale of Future Retail CEO Kishore Biyani's personal assets. Earlier, India's second-largest retailer Future had signed a Rs 24,713-crore deal with Reliance, which was later objected by Amazon.