Will it be useful for Future consumer?
So with the new accusation of Future Group retail division by Reliance, the big question is how will the investors benefit.
Is Future group stock a good way of entry to Reliance which the world is currently chasing.
Or is it going to be bad days ahead of Future group shareholders.
Disclosure - Not invested in Future group even though the business looked attractive. The reason for not investing in past being high debt on the balance sheet.
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After the merger of the future group companies all the retail formats and brands will go to reliance in a slump cash sale, investors of FEL would be left with Fmcg, insurance, and manufacturing businesses, the only comfort being that reliance will be acquiring about 13% stake in FEL at about 17.65 rs per share.
The stock will surely gain in the short term but is not a worthy investment as too many questions about the future of FEL still remain.
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