S & P revises rating of Future Retail Ltd

The rating agency S & P Global Inc. has assigned 'CCC-' with developing outlook from 'CCC- (prelim)/Watch Neg' to Future Retail Ltd's USD denominated Notes (listed on SGX). Reliance Group's acquisition of Future Retail's assets through Scheme of Arrangement and matters connected therewith is positive for Future Group and Future Retail's outstanding USD denominated Notes.

Shares of Future Retail Ltd was last trading in BSE at Rs.103.85 as compared to the previous close of Rs. 101.05. The total number of shares traded during the day was 670667 in over 7193 trades.

The stock hit an intraday high of Rs. 105.85 and intraday low of 96.1. The net turnover during the day was Rs. 67158524.

Source : Equity Bulls

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