New Delhi, December 19, 2024.
Global ecommerce giant Amazon on Wednesday exited retail chain Shoppers Stop by selling a 4% stake in the company for Rs 276 crore through an open market transaction. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, sold nearly 44 lakh shares or 4% stake in Mumbai-headquartered Shoppers Stop, as per the block deal data on the National Stock Exchange (NSE).
The shares were offloaded at an average price of Rs 627.60 apiece, taking the transaction value to Rs 275.89 crore.
