Home / Knowledge / News / Apparel/Garments / Shoppers Stop allots nearly 44 lakh shares to Amazon
Shoppers Stop allots nearly 44 lakh shares to Amazon
Jan '18
Shoppers Stop allots nearly 44 lakh shares to Amazon
Shoppers Stop, India based retail chain, has allotted 43,95,925 equity shares of Rs 5 each at a price of Rs 407.78 per equity share to Amazon.com NV Investment Holdings LLC, an investment arm of Amazon. The two companies will strengthen their existing partnership, and Shoppers Stop will have an exclusive flagship store on the Amazon marketplace.

“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

Must ReadView All

Pic: Shutterstock

Textiles | On 1st Mar 2021

AfCFTA rules of origin talks to conclude in June: Egyptian

Talks are currently under way between member states of the African...

Pic: Fraser Group

Retail | On 1st Mar 2021

Frasers Group anticipates £100-mn hit from lockdown

Frasers Group recently said it could take a hit in excess of £100...

Pic: Shutterstock

Retail | On 1st Mar 2021

TJX Companies FY21 sales fall 4% to $32 bn

The TJX Companies, a US-based leading off-price apparel and home...

Interviews View All

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Textile Industry, Head honchos

Textile Industry
Head honchos

Trade buzz: This could be a landmark budget

Headhonchos, Indian textile value chain

Indian textile value chain

'One nation, one tax' is a great concept

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Anurag Mohota,

Anurag Mohota

Located in the heart of cotton growing belt of India, Gimatex is a...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search