Future group cos defer shareholder, creditors meetings for RIL deal approval

Future group firms on the direction of the NCLT have deferred meetings of their respective shareholders and creditors, called on November 10 and 11, for seeking approval for the proposed merger into Future Enterprises as part of the Rs 24,713 crore deal with Reliance Retail, according to regulatory filings.

The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday directed Future group firms that “no meeting to be held until final order is pronounced on the applications”, said regulatory filings by the Future group firms, including Future Retail, Future Enterprises, Future Lifestyle Fashions and Future Supply Chain Solutions.