Shoppers Stop is currently trading at Rs. 243.80, up by 3.00 points or 1.25% from its previous closing of Rs. 240.80 on the BSE.
The scrip opened at Rs. 244.90 and has touched a high and low of Rs. 254.55 and Rs. 242.75 respectively. So far 51843 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 290.50 on 29-Jul-2021 and a 52 week low of Rs. 149.22 on 22-Sep-2020.
Last one week high and low of the scrip stood at Rs. 257.40 and Rs. 236.70 respectively. The current market cap of the company is Rs. 2685.98 crore.
The promoters holding in the company stood at 65.46%, while Institutions and Non-Institutions held 25.69% and 8.85% respectively.
Shoppers Stop has sold its controlling stake in its wholly-owned subsidiary -- Crossword Bookstores at a gross business valuation of Rs 41.62 crore to Dinesh Gupta, Aakash Gupta and Family (Owners of Agarwal Business House) (ABH). Shoppers Stop shall divest 51 per cent stake, that is expected to be completed within 15 days, and another 39 per cent stake will be divested in the next 12 months.
Under the agreement, ABH will take over all the assets and brand. Any liabilities will be adjusted for arriving at the final consideration.
The sale of the Crossword Bookstores is consistent with the company's strategic plans which is to focus on its core business and expand its strategic pillars viz, First Citizen, Private Labels, Beauty and most importantly, its omnichannel business.
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.
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