RIL share price falls 2%, Future Retail stock dives after SC ruling in favour of Amazon in Ambani-Biyani deal
RIL share price fell more than 2% today while Future Retail stock tanked 10% after the Supreme Court of India ruled in favour of Amazon – seeking to block a deal between Mukesh Ambani and Kishore Biyani. The apex court said that the order passed by Singapore International Arbitration Centre to stay the Rs 24,731 crore deal between Mukesh Ambani and Kishore Biyani is valid. Future Enterprises and Future Lifestyle were also down 10% each.
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