MoneyWorks4Me

Shoppers Stop reduces stake in Nuance Group to 40%

28 Apr 2017 Evaluate

Shoppers Stop’s shareholding in Nuance Group (India) (NGIPL), a joint venture company has been reduced from 50% to 40% of the paid up share capital of NGIPL. The reduction in percentage aforesaid is on account of non-subscription of NGIPL’s rights issue of equity shares by the company.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.

Peers
Company Name CMP
Avenue Supermarts 3809.70
Trent 2597.40
Vishal Mega Mart 99.60
PN Gadgil Jewellers 581.90
Aditya Birla Life 74.43
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