Shoppers Stop has transferred its entire shareholding in subsidiary Hypercity to Kishore Biyani-led Future Retail on November 30. The shareholders of K Raheja Corp Group firm Shoppers Stop had approved sale of Hypercity to Future Retail on November 14.
Shopper Stop owns 51.09 per cent stake in Hypercity Retail India (HRIL) and rest is owned by the promoter group and others.
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.
