Shares of Future Group companies fell sharply on Monday, some as much as 20%, after Reliance called off its $3.4 billion deal with the group over the weekend. Future has been in a long-drawn legal battle with U.S. e-commerce giant Amazon (AMZN.O) over the sale of its retail assets to rival Reliance Industries. Reliance suddenly took control of hundreds of Future stores in February, citing non-payment of rent, after assuming many of the leases held by cash-strapped Future. ‘There is nothing much left for the company (Future Retail) They don’t have money, shops. Whatever Reliance has not taken over yet have already been shut down,’ said Deepak Shenoy, founder and chief executive of Capitalmind in Bengaluru. . . .
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