Future Group stocks under pressure as deal with Reliance put on hold

Reliance Industries, too, dipped 2 per cent on the BSE

Shares of Future Group companies were under pressure and fell by up to 9 per cent on the BSE in intra-day trade on Monday after Amazon won a favourable ruling for its plea in Singapore against the Kishore Biyani-headed group striking a deal with Mukesh Ambani-led Reliance Industries Ltd (RIL). Future has been told not to proceed with its sale of shares to RIL till the outcome of the arbitration process; Business Standard reported quoting sources. CLICK HERE TO READ FULL REPORT

Among individual stocks, Future Retail slipped 9 per cent to Rs 70.55 on the BSE