Future stocks hit UC

Future Lifestyle Fashions is among the top five gainers on the BSE since the opening bell, hitting the 10% UC of the day at Rs.90.30, within moments of opening. Future Retail also hit its 10% UC at Rs.79 and Future Consumer at its 5% UC at Rs.8.27 and Future Enterprises also at its 5% UC at Rs.10.45.

The stocks are up following news that the Competition Commission of India (CCI) approved Future Group-Reliance Retail deal.

This entails acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group by Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle.