Mukesh Ambani can buy this bankrupt company, investors broke down to buy shares, stock running fast
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Race to buy Future Enterprises
Along with Mukesh Ambani’s Reliance Retail, three more companies are also involved in the race to buy Future Group’s bankrupt company Future Enterprises. Future Enterprises along with Reliance Retail have received resolution plans from Jindal (India) Ltd, GBTL Ltd as part of the corporate insolvency process. On February 27, the National Company Law Tribunal accepted Kishore Biyani’s Future Enterprises for corporate bankruptcy. At present, four companies of Future Group are going through bankruptcy proceedings. These companies are Future Enterprises, Future Retail Limited, Future Lifestyles Fashion Limited and Future Supply Chain Limited.
sunk money of investors
Those investing in the shares of Future Enterprises Limited have suffered heavy losses amidst the bankruptcy of the company. In the year 2008, on January 4, the shares of Future Enterprises were trading at a price of more than Rs.66. At the same time, after this, there was a continuous decline in the shares of Future Enterprises. With the fall, these shares have reached the level below one rupee.
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