Amazon sells 4% stake in Shoppers Stop through open market transaction

Amazon sells 4% stake in Shoppers Stop through open market transaction

19 December 2024, Mumbai

Exiting the retail chain, global e-commerce operator Amazon has sold 4 per cent stake in Shoppers Stop for Rs 276 crore through an open market transaction.

The transaction was executed through Amazon’s investment subsidiary, Amazon.com NV Holdings which sold nearly 44 lakh shares of the retail company, as per data by the National Stock Exchange.

Asset and wealth management company 360 One acquired stakes in Shoppers Stop, through its four affiliates. Kotak Mahindra Mutual Fund (MF), Tata MF and Morgan Stanley also acquired shares in the department store chain at the same price.

In January 2018, Shoppers Stop allotted shares worth Rs 179.26 crore to Amazon.Com NV Investment Holdings LLC, an investment arm of Amazon.com.

Latest Fashion news

Author’s Posts

  • India Circus by Krsnaa Mehta launches new ‘Artisanal Co-ord Sets’ collection

    Contemporary Indian lifestyle brand, India Circus by Krsnaa Mehta has expanded its apparel range by l...

    Avr 17, 2025

  • Crimzon launches new store to offer customized footwear in New Delhi

    Expanding its retail presence, footwear brand Crimzon has launched a new store in New Delhi.

    Avr 17, 2025

  • India Circus by Krsnaa Mehta launches new ‘Artisanal Co-ord Sets’ collection

    Contemporary Indian lifestyle brand, India Circus by Krsnaa Mehta has expanded its apparel range by l...

    Avr 17, 2025

  • Thread & Knot’s new Bengaluru store offers carefully selected clothing and accessories collection

    Contemporary fashion and lifestyle brand Th...

    Avr 16, 2025

  • Navyasa by Liva stuns with Spring Summer ’25 collection ‘Unified Contrasts’ at Fashion Week

    Modern elegance meets sustainable fashion

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex