IDFC Mutual Fund has acquired around one million shares of leading retail chain, Shoppers Stop for Rs 32 crore through open market. IDFC Mutual Fund A/C IDFC Premier Equity Fund has bought 9,99,756 shares of the company at Rs 321.25 via bulk deal on the NSE. However, Eastspring Investments India Equity Open has offloaded 7,58,831 shares of Shoppers Stop at Rs 321.25.
As on September 30, 2013, the promoters holding in the company stood at 67.45%, while institutions and non-institutions held 21.05% and 11.50% stake in the company, respectively.
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.
As on September 30, 2013, the promoters holding in the company stood at 67.45%, while institutions and non-institutions held 21.05% and 11.50% stake in the company, respectively.
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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