Reliance Capital Trustee raises stake in Shoppers Stop
Press Trust of India/New Delhi 22 Jun 12 | 07:12 PM
Retail firm Shoppers Stop Ltd (SSL) today said Reliance Capital Trustee Co Ltd has bought around 2.4% in the company by purchasing 19.80 lakh shares estimated to be worth over Rs 60 crore.
In a BSE filing, SSL said after the acquisition on June 20 from open market, Reliance Capital Trustee's stake has gone up to 6.95%.
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On the basis of the SSL's closing share price of Rs 318.85) on June 20, the Anil Ambani Group firm may have spent around Rs 63 crore on the share purchase.
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