Reliance interested in acquiring Shopper’s Stop
February 19th, 2008 Leave a comment Visited 27 times, 1 so far today
Reliance interested in acquiring Shopper’s Stop
Market sources claim that retailing giant Reliance Retail is considering plans to acquire Shopper’s Stop Ltd. which is owned by the K. Raheja group.
These reports boosted the stock price of Shopper’s Stop at the stock exchange.
Shopper’s Stop share price rose 20 percent to 474.90 rupees on the Bombay Stock Exchange in early trading.
Retailing industry is seeing a massive boom in the Indian market and bigger players are acquiring smaller ones to expand before the market saturates.
Aditya Birla Group is also said to be interested in Shopper’s Stop which has a wide presence throughout the country.
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