Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Amazon exits Shoppers Stop, sells entire 4% stake for ₹276 cr
short by Bhawana Chaudhary / on Thursday, 19 December, 2024
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%.
read more at NDTV Profit