Shoppers Stop is currently trading at Rs. 379.20, up by 0.10 points or 0.03% from its previous closing of Rs. 379.10 on the BSE.
The scrip opened at Rs. 378.40 and has touched a high and low of Rs. 380.90 and Rs. 376.95 respectively. So far 343 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 623.50 on 20-Oct-2014 and a 52 week low of Rs. 330.30 on 28-Apr-2015.
Last one week high and low of the scrip stood at Rs. 411.45 and Rs. 376.20 respectively. The current market cap of the company is Rs. 3175.36 crore.
The promoters holding in the company stood at 67.21% while Institutions and Non-Institutions held 17.71% and 15.08% respectively.
Shoppers Stop is seeking its shareholders’ approval to raise up to Rs 100 crore through issue of non-convertible debentures (NCDs) on private placement basis. The retail store chain is planning to use the funds to repay working capital and capital expenditure loans.
The company has also sought shareholders’ approval to ratify a related-party transaction worth Rs 581 crore with its subsidiary, Hypercity Retail (India). These include investments through equity and preference shares of Hypercity, inter-corporate deposits, bank guarantees and rentals.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
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