Future Retail Shares, Bonds Surge After Amazon Deal on Hold
This article is for subscribers only.
Future Retail Ltd.’s shares and dollar bonds jumped Monday after an order by India’s antitrust body may make it harder for Amazon.com Inc. to block a bid for the Indian department store chain by rival Reliance Industries Ltd.
Future’s shares rose by the maximum permissible 20% to 57.5 rupees in Mumbai on Monday, the biggest surge since August last year. Its 2025 dollar bonds advanced 4.2 cents on the dollar to 57.9 cents, the biggest daily gain since February, Bloomberg-compiled data show.