“The Private Placement Committee of the company at its meeting held on 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, to Amazon.com NV Investment Holdings LLC,” Shoppers Stop said in a regulatory filing with the stock exchanges.

“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,” it added.

In September last year, Shoppers Stop had singed an agreement with Amazon.com NV Investment Holdings for issuing equity shares on a preferential basis. As per the pact, Shoppers Stop will have a flagship store on Amazon.in, listing its entire portfolio of more than 400 categories including apparel and accessories. (RKS)

Fibre2Fashion News Desk – India