Future Enterprises board meet on September 7, to take up RIL deal

Kishore Biyani-led Future Enterprises, which is all set to strike a deal with Reliance Industries to sell its retail business, has set September 7 as the new date for the board meeting. Earlier, the board was scheduled to meet on Friday to approve its annual accounts for the fiscal ending March 2020. The meeting is getting deferred due to non-completion of the financial result audit.

The company made a late evening announcement to the stock market about rescheduling the board meeting for results. A separate board meet for fund raise for Saturday is on, a company official said. The deal with RIL is seen as critical for the struggling Future group.