Future Retail shares decline 5%; other group stocks also tumble

Shares of Future Retail on Wednesday declined 5 per cent amid concerns related to the deal with Reliance Retail.

The Delhi High Court on Tuesday directed Future Retail Ltd (FRL) to maintain status quo in relation to its Rs 24,713 crore deal with Reliance Retail, which has been objected to by the US-based e-commerce giant Amazon.

Future Retail tanked 4.99 per cent to close at Rs 78.10 — its lower circuit limit — on BSE.