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Chandru L. Raheja resigns as Chairman of Shoppers Stop Ltd

Posted On: 2018-06-08 22:35:52

The Board of Directors of Shoppers Stop Ltd; (the Company), at its meeting held today i.e. June 8, 2018, has, approved / noted the resignation of Mr. Chandru L. Raheja, Chairman of the Company.

Mr. Chandru L Raheja, age 77, Non-Executive Promoter Chairman, stepped down as a Director and Chairman of the Company with immediate effect, after having served as Chairman for more than two decades, due to his age, seniority and increasing personal engagements.

The Board of Directors places on record their gratitude for the enormous contribution made by Mr. Raheja as the Chairman of the Company since its inception. The Company and the Board benefitted immensely from Mr. Raheja's vast experience, knowledge and insights.

Shares of SHOPPERS STOP LTD. was last trading in BSE at Rs.578.5 as compared to the previous close of Rs. 571.4. The total number of shares traded during the day was 1002 in over 52 trades.

The stock hit an intraday high of Rs. 579.4 and intraday low of 564. The net turnover during the day was Rs. 572328.


Source: Equity Bulls

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