Future Group shares rise on reports Amazon may buy stake in Future Retail

Future Retail has soared 19% to Rs 518 in intra-day trade, while Future Enterprises, Future Consumer, Future Market Networks and Future Supply Chain were up in the range of 7% to 15% on the BSE.

Shares of Future Group companies have rallied up to 19% on the BSE after the media report suggested that Amazon.com Inc is likely to buy a minority stake in Future Retail.

Future Retail has soared 19% to Rs 518 on back of an over six-fold jump in trading volumes. A combined 2.37 million equity shares changed hands on the BSE and NSE till 02:59 PM.

Future Enterprises has surged 15% to Rs 43, followed by Future Consumer (12% to Rs 45.25), Future Market Networks (12% at Rs 76.80) and Future Supply Chain (7% at Rs 681). In comparison,