Shoppers Stop Ltd allotted 4,756,823 equity shares of Future Retail Ltd

On December 1, 2017, Future Retail Ltd (Purchaser) has allotted 4,756,823 equity shares of Rs.2 each at a premium of Rs.535 per share as Share Consideration, to Shoppers Stop Ltd.

Further, please take note that the following Directors of Hypercity have tendered their resignation from the Board of Hypercity with immediate effect viz. Mr. Ravi Raheja, Mr. Neel Raheja, Mr. Govind Shrikhande, Mr. Deepak Ghaisas, Mr. Nitin Sanghavi, Ms. Ameesha Prabhu and Mr. B.S. Nagesh. The following persons have been appointed as Additional Directors on the Board of Hypercity viz. Mr. Chandra P. Toshniwal, Mr. Harsha Saksena, Mr. Vijai Singh Dugar and Ms. Maya Taparia.

Shares of SHOPPERS STOP LTD. was last trading in BSE at Rs.533.5 as compared to the previous close of Rs. 548.6. The total number of shares traded during the day was 2231 in over 147 trades.

The stock hit an intraday high of Rs. 553 and intraday low of 533.5. The net turnover during the day was Rs. 1204097.

Source : Equity Bulls

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