Shoppers Stop intimates of change in shareholding in JV

Due to non subscription of rights issue of JV

Shoppers Stop announced that the Company's shareholding in Nuance Group (India), a joint venture company has been reduced from 50% to 40% of the paid up share capital of NGIPL. The reduction in percentage aforesaid is on account of non-subscription of NGIPL's rights issue of equity shares by the Company.

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