Shoppers Stop has entered into a Master Rent agreement with M/s OPC Asset Solutions, for renting of Information Technology (IT) Assets, vide agreement executed by the Company on August 14, 2023. Master Rent Agreement for renting of IT Assets is within the overall facility amount of Rs 30 crore. The renting of IT Assets will be for 3 years from date of supply. Rentals are payable quarterly in advance. Refundable security deposit is 10% and IT Assets will be returned at the end of the 3 years.
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.
