New Delhi: Retail chain Shoppers Stop has sold almost its entire 5 per cent stake in airport retail venture Nuance Group Fashion & Luxury Duty Free Private for an undisclosed sum.
“The company’s shareholding in Nuance Group Fashion and Luxury Duty Free Private Ltd (NGFL) has been reduced from 5 per cent to 0.00035 per cent of the paid-up share capital of NGFL,” Shoppers Stop said in a regulatory filing.
Started in 2006, Nuance, through its joint venture with Shoppers Stop Ltd, has been present in the Indian travel retail market for over five years now.
24/02/17 PTI/India.com
To Read the News in full at Source, Click the Headline
“The company’s shareholding in Nuance Group Fashion and Luxury Duty Free Private Ltd (NGFL) has been reduced from 5 per cent to 0.00035 per cent of the paid-up share capital of NGFL,” Shoppers Stop said in a regulatory filing.
Started in 2006, Nuance, through its joint venture with Shoppers Stop Ltd, has been present in the Indian travel retail market for over five years now.
24/02/17 PTI/India.com
0 comments:
Post a Comment