April 20, 2017 / 8:17 AM / in 6 months

BUZZ-India's Future Retail hits record high; co to demerge home retail ops

** Shares of Future Retail Ltd jump as much as 7.04 pct to a record high

** Board approves separation of company’s home retail business into Praxis Home Retail Pvt Ltd via demerger

** Says will seek listing for Praxis Home Retail

** Separately, board also approves increase in foreign investment limit to 49 pct from 24 pct

** Stock had more than doubled in value this year as of Wednesday’s close

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