Shoppers Stop has received approval from board of directors for raising fund up to Rs 300 crore through issuance of equity shares of face value of Rs 5 each of the company, on a rights issue basis. The Board approved the offer and issuance of fully paid-up equity shares of the company for an amount aggregating up to Rs 300 crore by way of a rights issue to eligible equity shareholders of the company. The board of directors at its meeting held on October 16, 2020 has approved the same.
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.
