Reliance Capital Asset Management and Reliance Capital Trustee Company Anil Dhirubhai Ambani Group (ADAG) companies have acquired 17.40 lakh shares in retail chain Shoppers Stop through open market transactions. The shares were purchased at Rs 295 apiece, valuing the deal to Rs 51.34 crore.
Reliance Capital Asset Management has bought 10 lakh shares in the company, while Reliance Capital Trustee Company purchased 7.40 lakh shares of the retail entity.
Meanwhile, Smallcap World Fund, a shareholder of Shoppers Stop, has sold 19.85 lakh shares of the company for Rs 295 apiece, translating into a deal worth Rs 58.6 crore.
On March 31, 2012, Reliance Capital Trustee held 3.02% stake in the company, while Smallcap World Fund held 2.83% in the retail firm.
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