Shares of Future Group companies jump 14 percent, after the decision of the Delhi High Court, the prices got stronger

After the stay of the Delhi High Court in the ongoing case between Amazon and Future, shares of Future Group companies jumped up to 14 percent on Thursday (January 6). The main reason for the rise in its shares is the stay order of the Delhi High Court. A bench of the Delhi High Court on Wednesday granted an interim stay on the implementation of the decision of the Singapore Tribunal in favor of Amazon in the Amazon-Future case. This matter is related to Future-Reliance’s deal worth Rs 24500 crore. Against this deal, Amazon has filed a petition in the Arbitration Court of Singapore where the decision came in favor of Amazon.

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Future Group shares jump

After the decision of the Delhi High Court, shares of Future Group companies jumped up to 14 percent today. Shares of Future Lifestyle Fashions Limited have gained 13.81 percent, Future Supply Chain Solutions 9.52 percent, Future Consumer 9.33 percent today. Apart from this, shares of Future Retail have jumped 8.58 percent today and shares of Future Enterprises have jumped 8.24 percent on BSE. Shares of Future Group companies fell more than 4 percent on Wednesday.

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The next hearing of the case on February 1

During the hearing, a bench of Chief Justice DN Patel and Justice Jyoti Singh of the High Court said that prima facie the matter is in favor of Future Retail and Future Coupons and if the stay is not granted, the loss will not be compensated. . The next hearing of the High Court case has been fixed on February 1, but today after the High Court’s decision, there is a tremendous jump in it.