Reliance Industries shares plunged by a percent after Delhi High Court has stayed the Single Judge Bench order directing ‘Status Quo’ of Future Retail Limited-Reliance deal. At 09:18 hrs, Reliance Industries was quoting at Rs 1,966.40, up Rs 14.95, or 0.77 percent on the BSE.
As per the order issued by the court, Amazon had no reason to seek a status quo order, when it wasn’t interested in the deal.
According to CNBC-TV18, statutory bodies such as the Securities and Exchanges Board of India (Sebi) and Competition Committee of India (CCI) were not present before the Delhi High Court.
