Reliance-Future deal gets Sebi nod, BSE 'no-adverse-observation' status

Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore deal.

Reliance Future deal

The Securities and Exchange Board of India (SEBI) allowed the deal with some riders, five months after it was announced last August.
 

ALSO READ: Delhi HC rules Amazon's attempt to control Future violative of FEMA FDI


The SEBI has said the litigation pending before the Delhi High Court and arbitration proceedings by the global e-commerce major Amazon contesting the deal should be specifically mentioned by Future Group while seeking shareholders or the National Company Law Tribunal approval, the BSE stated in its observation letter. Read More

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