Amazon exits Shoppers Stop, sells entire 4% stake for ₹276 cr

Online retail giant Amazon exited Shoppers Stop on Wednesday by selling its entire 4% stake for ₹276 crore through an open market bulk deal. Amazon had bought stake into Shoppers Stop in January 2018 through a private placement. Through this bulk deal, Amazon made a gain of nearly ₹97 crore, at a profit of almost 54%.

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