Future Retail holds shareholders' meeting to approve sale to Reliance

 

Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.

The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing. Haribhakti has been appointed by the NCLT to chair the meeting.


The result of the voting will be announced in due course, it added.

The meeting was held through video conferencing and "requisite quorum was present", the filing added. Read More

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