Invest Policy
No Result
View All Result
Saturday, March 6, 2021
  • Login
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
Subscribe
Invest Policy
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
No Result
View All Result
Invest Policy
No Result
View All Result
Home Latest News

Reliance shares fall due to this decision of Supreme Court, investors sunk 7200 crores

by InvestPolicy
February 28, 2021
in Latest News
0
Reliance shares fall due to this decision of Supreme Court, investors sunk 7200 crores
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Reliance’s market cap has come down to Rs 13 lakh 11 thousand 706 crore. Last week, its market cap was Rs 13 lakh 18 thousand 952 crore.

The Supreme Court has banned the Reliance-Future deal.

A major decision of the Supreme Court on Reliance and Future Group has come out. The court has currently issued a stay order on this deal. After the shock from the court, the shares of Reliance are seen falling. Reliance stock was seen dropping by 2.17 per cent at 12.10 am. At the time, Reliance’s stock was trading at a level of Rs 2,035.15 with a fall of Rs 45.15. Last week, Reliance stock closed at Rs 2080.30.

After the fall, the market cap of Reliance decreased to Rs 13 lakh 11 thousand 706 crore. Last week, its market cap was Rs 13 lakh 18 thousand 952 crore. In this way 7246 crores of investors were drowned. The Supreme Court today told the National Company Law Tribunal (NCLT) that it should not approve the 24,713 crore deal between Reliance and Future Group. The court, while passing judgment on the petition of giant e-commerce company Amazon, has ordered a stay on this deal. The Supreme Court has stayed the decision of the Lower Court.

Now the case will not be heard in the High Court

While hearing the case, Justices Nariman and BR Gavai have issued notices to Future Group and Kishore Biyani. The next hearing of the case will be held after five weeks. Let us know that the hearing of this case is going on in the Delhi High Court as well. The Supreme Court has now stopped the High Court from hearing in this case. He said that the matter has now reached the Supreme Court, so the High Court will no longer hear the matter.

Learn about the case in detail

In August 20019, an agreement was made to buy 49 percent stake of Future Coupons Limited, an unlisted company of Amazon Future Group. Future Coons holds a 7.3% stake in Future Group’s listed company Future Retail. Amazon had also signed an agreement with Future that it could also buy information details between 3 and 10 years. On August 29, 2020, the Future Group announced its agreement with Reliance, in which it has expanded its retail and wholesale business to Reliance Retail. Had signed an agreement to sell, said that its agreement with Reliance Industries is worth Rs 24,713 crore. Amazon challenged against this before a one-member emergency bench at the Singapore International Arbitration Center in October 2020. Amazon alleged that it had disobeyed a contract with Reliance to sell the business with Reliance.

Also read, LIC launches new policy Bima Jyoti: Guaranteed returns will continue to be available for 20 years in addition to fixed income

Also read, How safe is your valuables kept in a bank locker, know how much you have to pay for a locker

Tags: Amazon Future Retailmukesh ambaniReliance Future group
  • Trending
  • Comments
  • Latest
MP E Uparjan

MP E Uparjan 2021 | Farmer online registration, mpeuparjan.nic.in portal

February 27, 2021
sukanya-samriddhi-yojana-vs-lic-kanyadan-policy

LIC Kanyadan Policy Vs Sukanya Samriddhi Yojana

March 2, 2021
What is the role of two employees of Wipro in wrong transfer of Rs 6554 crore to Citibank

What is the role of two employees of Wipro in wrong transfer of Rs 6554 crore to Citibank

February 26, 2021
Amazon's logo was being trolled by saying Hitler's face, the company made changes once again after seeing opposition

Amazon’s logo was being trolled as Hitler’s face, the company made changes once again after seeing protest

March 1, 2021
RailTel IPO: Premium falls in gray market, should you still invest?

Nureca’s IPO will open for subscription on February 15, should it subscribe or not? Know the opinion of experts

February 28, 2021
SBI Mutual Fund IPO: The country's largest mutual fund house will bring IPO to raise Rs 7,500 crore, know details

Fino Payments Bank to bring IPO of Rs 1200 crore, support of BPCL, ICICI and Blackstone to the company, know details of IPO

March 5, 2021
Gold Prices Today: 2016 के बाद एक महीने में सबसे अधिक गिरावट के बाद सोना आज संभला, चांदी भी चमकी

Gold entry in Bear Market, experts said – 10 grams gold price may fall to 41,500, know the reason

March 5, 2021
Nifty closed below 15000, Sensex lost 400 points, know the reasons that created pressure on the market

Nifty closed below 15000, Sensex lost 400 points, know the reasons that created pressure on the market

March 5, 2021
Anurag-Taapsee Pannu faces grudge, Phantom Films accuses him of Rs 650 crore tax fraud

Anurag-Taapsee Pannu faces grudge, Phantom Films accuses him of Rs 650 crore tax fraud

March 5, 2021
West Bengal Election: Mamta to sunday in Nandigram from March 9, still doubtful in the name of Suvendu

West Bengal Election: Mamta to sunday in Nandigram from March 9, still doubtful in the name of Suvendu

March 5, 2021

Recent News

SBI Mutual Fund IPO: The country's largest mutual fund house will bring IPO to raise Rs 7,500 crore, know details

Fino Payments Bank to bring IPO of Rs 1200 crore, support of BPCL, ICICI and Blackstone to the company, know details of IPO

March 5, 2021
Gold Prices Today: 2016 के बाद एक महीने में सबसे अधिक गिरावट के बाद सोना आज संभला, चांदी भी चमकी

Gold entry in Bear Market, experts said – 10 grams gold price may fall to 41,500, know the reason

March 5, 2021

Categories

  • Banking
  • Economy
  • Featured
  • Finance
  • General Insurance
  • Health Insurance
  • Insurance
  • Investment Plans
  • Latest News
  • LIC
  • Life Insurance
  • Market
  • Money
  • Mutual Funds
  • Property
  • Scheme
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Invest Policy

InvestPolicy.com is one of the leading companies when it comes to loans and card marketplace. Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort.

© 2021 Invest Policy. All Right Reserved.

No Result
View All Result
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
  • About Us
  • Contact Us

© 2021 Invest Policy. All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In