RIL shares rise 3?ter CCI approves Future Group-Reliance Retail deal
Reliance Industries (RIL) share price jumped over 3 percent in the morning session on November 23 after CCI approved the Future Group-Reliance Retail deal.
The Competition Commission of India (CCI) on November 10 approved the acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group by Reliance Retail Ventures Ltd (RRVL) and Reliance Retail and Fashion Lifestyle Ltd.
"Commission approves acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited," CCI wrote on Twitter.
Also, the share price of Future Retail jumped 10 percent and hit the upper circuit of Rs 79 per share on BSE.