Competition to buy Future Retail! Big Bazaar | Jagran Business

For the past few days, the stock of Future Retail has been in the spotlight. Since a few days, this stock has been trading in the upper circuit. In the last five days, because to the daily upper circuit, this stock has climbed by around 19% and finished at Rs 3.80 at the end of trade on Thursday. There is a specific explanation for this stock's increase. In truth, the insolvent Future Retail is in the process of declaring bankruptcy and will be auctioned off soon.

Price of The Share in 2017

The price of this share in 2017 was Rs.645 per share. And today it is about 3.80, implying that this stock has lost nearly 99% of its value. Buyers will compete to purchase Future Retail with Big Bazaar beginning in April 2023. There were 49 corporations competing to include this company in their portfolio, including Gautam Adani and Mukesh Ambani. However, both Adani and Reliance backed out of the race last month.