Future deal: Reliance Retail shareholders gets NCLT nod to hold meetings for approval

Reliance Retail Ventures Limited's (RRVL) shareholders and creditors have got approval from NCLT to hold meetings related to the stalled Rs 24,713 crore deal with Future Group.

The creditors and shareholders of Reliance Retail Ventures Limited (RRVL) have got approval from the National Company Law Tribunal (NCLT) to hold meetings related to the proposed Rs 24,713 crore deal to acquire retail assets of the Future Group.

An application submitted by creditors and shareholders of Reliance's retail subsidiary was approved by the Mumbai bench of NCLT, led by Suchitra Kanuparthi. They will be allowed to convene meetings and seek approval for the deal that has been stalled amid legal opposition by Amazon.