Future Group shares zoom after Amazon deal

New Delhi, November 29

Shares of Future Group companies rallied on Friday after the CCI approved Amazon.com NV Investment Holdings’ proposal to acquire about 49% share in Future Coupons. On the BSE, Future Enterprises settled at upper price band of Rs 26.55, up 19.86%. During the day, Future Consumer hit a high of Rs 29.10, up 14.79%. It settled 8.88% up at Rs 27.60. Future Retail surged nearly 18.22% to Rs 387.90. After shedding early gains, it closed 3.43% up at Rs 339.35. The stock of Future Lifetsyle Fashions rose 5.45% to Rs 428.45. Later, it settled at Rs 409.25, up 0.73%. The Competition Commission of India (CCI) on Thursday said it has approved Amazon.com NV Investment Holdings’ proposal to acquire about 49% share in Future Coupons. “The proposed combination pertains to the acquisition by the acquirer (Amazon) of approximately 49% of the voting and non-voting equity shares of the target (Future Coupons Ltd),” a statement said. pti