Shoppers Stop Rights Issue 2020 – Record Date, Ratio, and Price

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The Board of Directors of Shoppers Stop Ltd have approved the rights issue at the board meeting held on 16th October 2020 for an amount aggregating up to ₹ 300 Crores (Rupees Three Hundred Crores). Another meeting which was held on 13th November 2020 has finalized the record date for the Shoppers Stop Rights Issue 2020 which is 20th November 2020.

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Shoppers Stop is engaged in the Business of retailing a variety of household and consumer products. The Board has appointed Venugopal G Nair as its managing director and chief executive officer, he has joined the office from 6th November 2020.

Shoppers Stop Rights Issue 2020

Company NameShoppers Stop
Rights Issue Price₹ 140
Rights Issue Record Date20th November 2020
Rights Entitlement Ratio17:70
Rights Issue Open Date27th November 2020
Rights Issue Close Date31st December 2020
Last Date for On Market Renunciation7th December 2020
Rights Issue Size₹ 300 crores
Right Issue Announcement Date16th October 2020

Stoppers Shop Rights Entitlement Ratio

The existing shareholders as per the record date will be eligible to purchase the new 17 shares on every 70 existing shares at the price of Rs. 140.

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