 "How Shoppers Stop is reinventing itself at 25")
Shares of Shoppers Stop and Future Retail rallied by upto 9% on BSE after the Kishore Biyani-led Future Retail said it would buy Shoppers Stop-owned HyperCity for Rs 911 crore.
Shoppers Stop hit a fresh 52-week high of Rs 552, rallied 9% on BSE in intra-day trade, and Future Retail surged 6% to Rs 559 in early morning trade.
“The board of directors of Shoppers Stop, at its meeting held on Thursday, October 5, 2017, has approved sale of 77.16 million equity shares of Rs 10 each, constituting 51.09% of the paid up share capital of HyperCity Retail
Shoppers Stop hit a fresh 52-week high of Rs 552, rallied 9% on BSE in intra-day trade, and Future Retail surged 6% to Rs 559 in early morning trade.
“The board of directors of Shoppers Stop, at its meeting held on Thursday, October 5, 2017, has approved sale of 77.16 million equity shares of Rs 10 each, constituting 51.09% of the paid up share capital of HyperCity Retail
