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Amazon Exits Shoppers Stop, Makes 54% Gain On Original Investment

Summary by NDTV Profit
Online retail giant Amazon.com Inc. exited Shoppers Stop Ltd. on Dec. 18 by selling its entire 4% stake for Rs 276 crore through an open market bulk deal. The US-based company offloaded nearly 44 lakh shares at Rs 627.6 apiece through its investment holding company Amazon.com NV Investment Holdings LLC.Amazon had bought into Shoppers Stop in January 2018 through a private placement. Shoppers Stop had allotted 43.96 lakh shares to the Amazon affi…
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