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Shoppers Stop rises on getting shareholders nod for sale of Hypercity to FRL

15 Nov 2017 Evaluate

Shoppers Stop is currently trading at Rs. 545.60, up by 6.85 points or 1.27% from its previous closing of Rs. 538.75 on the BSE.

The scrip opened at Rs. 543.00 and has touched a high and low of Rs. 557.95 and Rs. 533.00 respectively. So far 9203 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 602.00 on 02-Nov-2017 and a 52 week low of Rs. 265.00 on 28-Dec-2016.

Last one week high and low of the scrip stood at Rs. 576.30 and Rs. 533.00 respectively. The current market cap of the company is Rs. 4563.94 crore.

The promoters holding in the company stood at 67.08%, while Institutions and Non-Institutions held 17.89% and 15.02% respectively.

Shoppers Stop has received an approval from its shareholders for sale of its subsidiary ‘Hypercity’ to Future Retail (FRL). The company has received 99.35% votes in favour on votes polled through postal ballot and e-voting process for sale/transfer of Hypercity.

Earlier on October 5, the company had sought shareholders’ nod to sell 77,158,778 equity shares of Hypercity Retail at a consideration of Rs 43.36 per equity share, aggregating to Rs 334.63 crore.

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.


Shoppers Stop Share Price

357.05 -4.00 (-1.11%)
08-May-2026 16:59 View Price Chart
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