Arisaig India Fund has reportedly offloaded 10.2 Lakh shares of Shoppers Stop for about Rs 33.77 crore. The company has offloaded Shoppers Stop’s 1.23% stake an average price of Rs 328.20 through the open market route.
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.