Mukesh Ambani can buy this bankrupt company, investors broke down to buy shares, stock running fast

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New Delhi: Several billionaires including Mukesh Ambani have joined the race to buy Future Enterprises, a bankrupt company of the Flucher Group. After this news came to the fore, there has been a bumper boom in the shares of Future Enterprises. Shares of Future Enterprises Ltd are seeing a jump of more than 6 percent today. This stock is on the upper circuit today with a stormy rise. Heavy buying of investors is being seen in the stock. The stock has risen to the level of 85 paise today. However, long term investors in this stock have faced huge losses. Investors’ money has sunk. There has been a continuous decline in the shares of Future Enterprises.

This stock made investors pauper in one stroke, came down from ₹ 490 to ₹ 5, drowned a lot of money

Race to buy Future Enterprises

Along with Mukesh Ambani’s Reliance Retail, three more companies are also involved in the race to buy Future Group’s bankrupt company Future Enterprises. Future Enterprises along with Reliance Retail have received resolution plans from Jindal (India) Ltd, GBTL Ltd as part of the corporate insolvency process. On February 27, the National Company Law Tribunal accepted Kishore Biyani’s Future Enterprises for corporate bankruptcy. At present, four companies of Future Group are going through bankruptcy proceedings. These companies are Future Enterprises, Future Retail Limited, Future Lifestyles Fashion Limited and Future Supply Chain Limited.

This company of Ratan Tata is going to give a dividend of Rs 20 on every share, investors broke down to buy the stock

sunk money of investors

Those investing in the shares of Future Enterprises Limited have suffered heavy losses amidst the bankruptcy of the company. In the year 2008, on January 4, the shares of Future Enterprises were trading at a price of more than Rs.66. At the same time, after this, there was a continuous decline in the shares of Future Enterprises. With the fall, these shares have reached the level below one rupee.

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