Amazon affiliate to buy 5% stake in Indian retailer Shoppers Stop
Amazon.com Investment Holdings
Mumbai - Muslimchronicle
An affiliate of Amazon.com has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing.
Amazon.com Investment Holdings, a foreign portfolio investor, will subscribe to about 4.4 million shares, equivalent to an about 5 percent stake, in the Indian retailer at 407.78 rupees apiece on a preferential basis, Shoppers Stop told the stock exchanges late on Saturday.
On Friday, Shoppers Stop shares had closed 3 percent lower at 418.10 rupees on the National Stock Exchange.
The Amazon affiliate will not take a board position, Shoppers Stop, which operates large department stores and other retail outlets, said in the filing.
Source:Arabnews
- Saturday ,26 November GMT 09:47 2016 Tata Steel removes Cyrus Mistry as chairman of its board Friday
GMT 09:47 2016 Saturday ,26 November
Tata Steel removes Cyrus Mistry as chairman of its board Friday
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 21:14 2018 Tuesday ,23 January
Saudi King issues directive to transfer US$2 billion to Yemen's Central Bank
GMT 12:21 2018 Thursday ,18 January
Trump 'very eager' to be interviewed Russia probe
GMT 09:56 2017 Wednesday ,06 December
India scent Test victory as pollution makes bowlers vomit
GMT 00:26 2017 Wednesday ,06 December
Reports of subpoena for Trump financial records are 'false'
GMT 20:56 2017 Thursday ,30 March
Algerian Deputy Defense Minister Meets Minister of State for Defense Affairs
GMT 10:36 2014 Wednesday ,29 January
3 surprisingly easy things you can do to live longerGMT 01:02 2011 Saturday ,17 December
Abu Dhabi has now its own Guerlain Boutique
GMT 20:37 2017 Wednesday ,11 October
India’s ride-hailing company Ola raises $1.1 billion from investors led by Tencent, SoftBank
GMT 12:09 2017 Thursday ,17 August
MP: Government ignores Egyptian citizen
GMT 07:21 2017 Tuesday ,26 December
Grieving Pakistani Christians mark Christmas days
GMT 23:21 2017 Friday ,27 October
Saudi Arabia and Russia ‘clear fog’ before OPEC meeting
GMT 15:21 2017 Tuesday ,17 October
Islamic State sliding from defeat to defeat
GMT 08:21 2017 Monday ,19 June
Ellen Higginbottom's death: Two men arrested over murder of Wigan student
GMT 08:54 2017 Sunday ,05 November
Barcelona fans seek "justice" for Catalan ministers
GMT 08:48 2017 Tuesday ,07 November
All Blacks flyer Ioane shakes off mumps scare
GMT 09:49 2017 Saturday ,18 November
Saudi Arabian Basic Industries Cooperation becomes only Arab company on Thomson Reuters Top 100 Global Energy Leaders list
GMT 14:18 2017 Thursday ,23 November
Migrants sold into slavery
GMT 08:09 2017 Saturday ,15 July
Chinese group bids $11.6 bn for warehouse firm GLPGMT 10:02 2012 Thursday ,26 January
Mohammed is blessed with a baby boy, names him \'Zayed\'
GMT 10:19 2017 Tuesday ,12 December
Uber's London licence battle set for May/June
GMT 11:59 2017 Thursday ,06 April
Rejuvenated rugby star Sonny Bill set to return ahead of Lions
GMT 03:24 2017 Friday ,15 December
Putin, Trump discussed North Korea in phone callGMT 09:24 2012 Tuesday ,01 May
New documentary brings Africa\'s e-waste slum to lifeGMT 11:41 2012 Monday ,10 September
Return of Egyptian football despite Ultra\'s threatsGMT 11:39 2011 Tuesday ,20 December
Egyptian chic on \'Latest fashion\'
GMT 07:31 2015 Monday ,27 July
Nina Dobrev stun at Leonardo DiCaprio charity gala
GMT 21:43 2017 Thursday ,28 September
Egyptian airstrike targets arms convoy from Libya
GMT 07:23 2017 Friday ,29 September
Saudi education minister presides over ALESCO session to elect new director general
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
