Advertisement

Amazon affiliate to buy $27.6 mln stake in Indian retailer Shoppers Stop

From Reuters - September 23, 2017

MUMBAI (Reuters) - An affiliate of Amazon.com Inc has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing.

Amazon.com NV Investment Holdings LLC, a foreign portfolio investor, will subscribe to about 4.4 million shares, equivalent to an about 5 percent stake, in the Indian retailer at 407.78 rupees apiece on a preferential basis, Shoppers Stop told the stock exchanges late on Saturday.

Advertisement

Continue reading at Reuters »