Shoppers Stop allots Rs 179.26-cr shares to Amazon
As part of the deal, Shoppers Stop will have an exclusive flagship store on the Amazon marketplace
Retail chain Shoppers Stop today said it has allotted 5 per shares worth Rs 179.26 crore to Amazon.Com NV Investment Holdings LLC, an investment arm of Amazon.Com.
According to a BSE filing by the company, it has issued of 43,95,925 equity shares of Rs 5 each at a price of Rs 407.78 per equity share, aggregating around Rs 179.26 crore, to Amazon.Com NV Investment Holdings LLC.
The private placement committee of Shoppers Stop at its meeting held on January 12 had approved the allotment of the equity shares.
Animal vs Sam Bahadur Box Office Collection Day 9: Animal crosses Rs 600 crore club, beats Sam Bahadur | Check day-wise collection
Post Office Time Deposit Scheme: Interest up to 7.5%, guaranteed returns, fixed income, preclosure rules, other benefits
India vs South Africa 1st T20I Free Live Streaming: When and Where to watch IND VS SA T20I series Match LIVE on Mobile Apps, TV, Laptop, Online
NPS (National Pension System): How to create a corpus of Rs 5 crore with Rs 442 investment/day? After retirement, you will get Rs 2.5 lakh every month
Animal Box Office Collection: Ranbir Kapoor-starrer touches Rs 600 crore mark worldwide | Check OTT release details
Vehicle Insurance Policy: If your car drowns during flood or storm, can you claim insurance? Know rules
The company had entered into an agreement with Amazon.Com Investment Holdings LLC in September for the purpose of issuing equity shares on a preferential basis.
As part of the deal, Shoppers Stop will have an exclusive flagship store on the Amazon marketplace.
The two companies have an existing partnership since 2016 under which Shoppers Stops private and exclusive brands (Stop, Kashish, Haute Curry, RS by Rocky Star) have been listed on the Amazon marketplace.
Further, as per details of the deal disclosed by the two companies, Shoppers Stop will now have a flagship store on Amazon.In where it will list its entire portfolio of over 400 across categories such as apparel, footwear, beauty and accessories.