Amazon exits Shoppers Stop; sells 4 pc stake for Rs 276 cr

Global e-commerce giant Amazon on Wednesday exited retail chain Shoppers Stop by selling a 4 per cent stake in the company for Rs 276 crore through an open market transaction.

US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, sold nearly 44 lakh shares or 4 per cent stake in Mumbai-headquartered Shoppers Stop, as per the block deal data on the National Stock Exchange (NSE).