Reliance Retail, Jindal Power among 49 companies to submit EoIs for Future Reta
Shares of Future Retail surged 4.17 per cent to hit the upper circuit in Monday's trade
Debt-ridden Future Retail Ltd has released a provisional list of eligible prospective resolution applicants, which have submitted their expression of interest to submit a resolution plan.
Reliance Retail, WHSmith Travel Limited, Jindal Power Limited, JC Flowers Asset Reconstruction Private Limited, Gordon Brothers-led consortium, Sahara Enterprises are among 49 companies that have submitted their EoIs for Future Retail.
Shares of Future Retail surged 4.17 per cent to hit the upper circuit in Monday's trade.
Last month, Future Retail Ltd said Kishore Biyani had withdrawn his resignation as the executive chairman and director of the company.
The company, currently under insolvency proceedings, said "the resolution professional objected to the contents of (Biyani's resignation) letter" and requested him to recall the letter.