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Future Retail extends gain on pact with Oman-based Khimji Ramdas LLC

The stock rallied 9% to Rs 560 in intra-day trade, extending its past two days 3% gain on the BSE.

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SI Reporter Mumbai
Future Retail has rallied 9% to Rs 560 in intra-day trade, extending its past two days 3% gain on the BSE, after the Future Group Company said that it will form a joint venture with Oman-based Khimji Ramdas LLC to take its 'fbb' brand fashion outlets to Oman and other Gulf Cooperation Council (GCC) countries.

“The Company has entered into shareholders agreement with Khimji Ramdas LLC for formation of a joint venture (JV) company to undertake business to operate "fbb" brand fashion outlets commencing in Oman and then across other member states of GCC,”  Future Retail on Tuesday, March