Future Group shares tank up to 10% after Reliance deal put on hold; RIL down 2%

Shares of Future Group companies on Monday declined up to 10 per cent after Amazon.com Inc won an interim award against its partner Future Group selling retail business to Reliance Industries for Rs 24,713 crore after a Singapore-based single-judge arbitration panel put the deal on hold.

Future Lifestyle Fashions tanked 9.99 per cent to Rs 77.90, Future Retail plummeted 9.31 per cent to Rs 70.55, Future Enterprises fell 4.99 per cent to Rs 9.53 — its lower circuit limit and Future Consumer Ltd also dropped by 4.92 per cent to its lowest trading permissible limit for the day of Rs 7.54 on the BSE.

RIL shares were also trading down by 2 per cent at Rs 2,070.30 on the BSE.