Key Highlights: 

  • Shoppers Stop share price touch new high
  • Amazon will acquire 5% stake in Shoppers Stop
  • Shoppers Stop will sell about 43,95,925 equity shares to Amazon on preferential basis

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While Sensex and Nifty were trading in negative on Monday, share price of Shoppers Stop jumped nearly 20%.

At 1025 hours, share price of Shoppers Stop was trading at Rs 483 per piece, up Rs 66 or 15.98% on BSE. 

Mumbai-based retail company touched a new high of Rs 499.70 per piece - a level which was last seen on February 05, 2015.