RIL seeks NCLT nod for shareholder meeting to approve Future group deal

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By LE Desk

New Delhi, May 19: Reliance Industries (RIL) has sought permission from the Mumbai bench of the National Company Law Tribunal (NCLT) to hold a shareholders’ meeting to consider and approve the nearly Rs 25,000-crore deal signed last year between its subsidiary Reliance Retail and Future group.

RIL has already extended the deadline of closure of the deal with Future in anticipation of procedural as well as delays resulting from the legal battle between Amazon and Future group, the Business Standard reported.

https://www.business-standard.com/article/companies/ril-seeks-nclt-nod-for-shareholder-meeting-to-approve-future-group-deal-121052000061_1.html

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