Shoppers Stop announced that the Private Placement Committee of the Company at its meeting held today i.e. January 12, 2018, approved the allotment of 43,95,925 equity shares of Rs. 5/- each at a price of Rs. 407.78/- per equity share for a total consideration of Rs. 179,25,70,296.50 (Rupees One Hundred and Seventy-Nine Crore Twenty Five Lakhs Seventy Thousand Two Hundred Ninety Six and Fifty Paise Only), to Amazon.com NV Investment Holdings LLC .
Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs.41,77,38,055 divided into 8,35,47,611 equity shares of Rs.5/- each to Rs.43,97,17,680 divided into 8,79,43,536 equity shares of Rs.5/- each.
The mission of Shoppers Stop is to provide the “BEST” value in terms of products and services and adopt “best” processes for stakeholders, without compromise, thereby matching global standards of performance.