TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Shoppers Stop Limited ( (IN:SHOPERSTOP) ) has provided an update.
Shoppers Stop Limited has announced that its wholly-owned subsidiary, Global SS Beauty Brands Limited, has executed a Securities Transfer Agreement to sell its entire holding of 40,000 Optionally Convertible Debentures in Pahadi Goodness Private Limited to Augusta Consultants & Advisors Private Limited for a consideration of Rs. 3 crore. This transaction is not a related party transaction and does not involve any special rights or relationships with the promoter group, indicating a strategic move to streamline or refocus its investment portfolio.
More about Shoppers Stop Limited
Shoppers Stop Limited is a prominent retail company based in India, known for its wide range of products including apparel, accessories, cosmetics, and home decor. The company operates in the retail industry and focuses on providing a diverse shopping experience through its chain of department stores across the country.
Average Trading Volume: 7,847
Technical Sentiment Signal: Sell
Current Market Cap: 48.07B INR
For a thorough assessment of SHOPERSTOP stock, go to TipRanks’ Stock Analysis page.