India: Future Group's stocks plunge after deal with Reliance falls through

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

Shares of Future Group companies fell sharply on Monday, some as much as 20%, after India’s biggest retailer Reliance called off its $3.4 billion deal with the group over the weekend, pushing its flagship Future Retail towards a possible bankruptcy process.

Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises fell between 5% and 20%.

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