NV Investment Holdings LLC, the investment arm of Amazon has picked up 5% stake in brick & mortar retailer Shoppers Stop Ltd for approximately ₹180 crore.
Shoppers Stop's board has approved issuance of 43.95 lakh equity shares of Rupees 5 each at price of Rupees 407.78 per piece to Amazon.com NV Investment Holdings LLC for Rupees 179.25 crore on preferential basis, Shoppers Stop said in BSE filing.
Amazon's investment arm plans to buy 5% stake in department chain Shoppers Stop for about Rs180 crore, indicating its intention to use physical stores as one of its sales drivers in India. Shares of Shoppers Stop have gained 45 per cent this year and closed at 418.1 rupees on Friday in Mumbai.
Shoppers Stop had last week entered into a commercial arrangement with Amazon India to sell all its private labels and brands on the latter's marketplace.
Commenting on the partnership, Shoppers Stop Customer Care Associate & MD Govind Shrikhande said: "Overall, this alliance with Amazon.in will give a significant fillip to the growth of our omni-channel business". The company said it will be selling its entire portfolio of over 400 products across apparel, footwear, and other categories on Amazon.in website.
US State Dept: New N. Korea Sanctions Will be Effective
North Korea's six nuclear tests to date have all been underground, the most recent earlier this month by far its largest. Kim vowed that he would make the United States president "pay dearly" for threatening to totally destroy North Korea .
Georgia makes SEC statement in rout of Mississippi State
A 41-yard touchdown pass to Isaac Nauta and a 49-yard field goal by Rodrigo Blankenship capped the scoring for the Bulldogs. MSU has rolled through its three opponents this fall, winning each game by at least 30 points to make an early statement.
This partnership will leverage Shoppers Stops brand assortment and Amazon.reach to create a superlative omni- channel retail experience for consumers across the country.
Arun Sirdeshmukh had said the collaboration will enable the two partners to draw upon each other's strengths to serve the evolving customer base in India.
The company now commands a market capitalisation of Rs 3,477.46 crore on the BSE, exchange data showed.
Promoter K Raheja Corp Group holds 67.10 percent stake in Shoppers Stop, according to data on the Bombay Stock Exchange.
Shoppers Stop's brands such as Stop, Kashish, Haute Curry and RS by Rocky Star are already listed on the Amazon.in since they entered into a partnership in 2016.
Oklahoma State has won four of the five previous meetings since the Frogs joined the league, including a 3-0 mark in Stillwater. Julius Lewis is out for the season following surgery for an injury suffered in practice, Patterson announced after the game.
The storm is now a Tropical Depression and is expected to remain over open waters and pose no threats to land. The hurricane center said that Maria will pass between the East Coast and Bermuda by the middle of next week.
The Bears, without a victory over the Trojans since 2003, were tied at 13-13 late in the third quarter when it all unraveled. But Wilcox then tried a fourth-and-4 from the USC 42 late in the third quarter that was stopped on an incomplete pass.
Meanwhile, a Downing Street spokeswoman said military force must remain an option to deal with the "rogue" state. A possible third pillar would involve "open discussions with Iran about the current situation in the region".
Mr Ri reportedly added: "We have no idea about what actions could be taken as it will be ordered by leader Kim Jong Un". Meanhwhile, North Korean leader Kim Jong-un and his U.S. counterpart Trump have exchanged strong words for each other.
North Korean Foreign Minister Ri Yong-ho warned of the test after comparing Trump's speech to "the sound of a barking dog" . North Korean leader Kim Jong-Un had Twitter users rushing to dictionaries as he revived a centuries-old insult.
Granite, the 10th man to bat in the eighth, hit a three-run shot off Blaine Hardy for his first big-league homer. He left with Detroit holding onto a 3-2 lead, but its bullpen began the day with a 5.50 ERA, worst in baseball.
Kim's Foreign Minister Ri Yong-ho told reporters Pyongyang might now consider detonating a hydrogen bomb outside its territory. Tillerson says American diplomatic efforts "continue unabated" to try to bring Kim's government to the negotiating table.
It also would limit spending for Medicaid, the federal-state program that now covers more than 70 million low-income people. On Friday Senator Joni Ernst, of Iowa, admitted : "I'll be honest, it seems unlikely that we'll be voting on this".
There has been name-calling and heightened tensions between Washington and Pyongyang this week as the United Nations met in NY . Previous quakes from North Korea have indicated nuclear tests by the reclusive state, the most recent earlier this month.
Predicting Antonio Conte's starting eleven
The lineup looks like Conte has chose to ditch the three-man backline for this game, with only four natural defenders named. Chelsea again, against the run of play grabbed number three through the blistering pace of Morata on 78 minutes.
Protesters rally against Iranian president at United Nations
Netanyahu said that Israel's alliance with the United States has been "never stronger" than now under the Trump administration. She said all countries must "come together and defend the worldwide order that we have worked so hard to create".
China vows to break 'malicious cycle' over North Korea
General Assembly in New York, Wang told Kono that China has been fulfilling its global obligations by fully enforcing U.N. Trump responded with a tweet calling Kim Jong-un "a madman" who "will be tested like never before!"
Quake detected near North Korean nuclear test site
ET Saturday 22 kilometers (more than 13 miles) east-northeast of Sungjibaegam, North Korea, the US Geological Survey said. Later, the China Earthquake Administration revised its estimation, saying the quake was not a nuclear detonation.
Index eases as new NoKor bomb threat spooks investors
Trump took to Twitter this morning to fire back at Kim, calling the leader a " madman " while threat his own brand of violence. It imposes a 180-day ban on vessels and aircraft that have visited North Korea from visiting the US.
Myanmar blames Rohingya for blast
The government says there is no such ethnicity as Rohingya and that they are Bengalis who illegally migrated to Myanmar from Bangladesh.