Business

Future holds meet to clear sale to RIL

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.

DTNEXT Bureau

NEW DELHI: 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.

“The NCLT convened Meeting of the Shareholders of FRL was held on Wednesday, April 20, 2022 at 12:00 noon through Video Conference (VC/Other Audio-Visual Means) pursuant to the directions issued by Mumbai Bench of NCLT...,” it said.

During the meeting, queries on the deal were received and all aspects were made clear to the shareholders.

On Thursday, FRL has scheduled meetings of its creditors, as per directions of NCLT.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

2026 TN election | No sting in poll codes, districts cite no data: RTI document

2026 TN elections | Villivakkam independent candidate challenges Aadhav's nomination

2026 TN elections | Poll seizures scale all-time high, crosses Rs 900 crore

Chennai Corporation to renovate several night shelters after election

DT Next Constituency Watch | Gobichettipalayam: Agonising shift from agri to industry takes toll on lifeline Bhavani