Future Retail hits 10% lower circuit after rallying 38% in 3 sessions

The Government Pension Fund Global sold 9.5 million shares representing 1.75 per cent stake of Future Retail at Rs 158.61 per share on the NSE on Monday.

Shares of Future Retail hit the lower circuit of 10 per cent at Rs 146.10 on the BSE on Tuesday in firm market. The fall comes after foreign portfolio investors (FPIs) sold 9.5 million equity shares of the company through open market on Monday.

The world’s largest sovereign wealth fund The Government Pension Fund Global sold 9.5 million shares, representing 1.75 per cent stake of Future Retail at Rs 158.61 per share on the NSE, bulk deal data show. The sovereign wealth fund held 12.35 million shares, or 2.28 per cent stake in the company at the end of