Amazon exits Shoppers Stop; sells 4% stake for Rs 276 crore
According to data from the National Stock Exchange (NSE), Amazon, via its investment arm Amazon.com NV Investment Holdings, sold approximately 44 lakh shares, or a 4% stake, in Mumbai-based Shoppers Stop. The shares were sold at an average price of Rs 627.60 each, resulting in a transaction value of Rs 275.89 crore.
According to data from the National Stock Exchange (NSE), Amazon, via its investment arm Amazon.com NV Investment Holdings, sold approximately 44 lakh shares, or a 4% stake, in Mumbai-based Shoppers Stop. The shares were sold at an average price of Rs 627.60 each, resulting in a transaction value of Rs 275.89 crore.
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