Amazon affiliate to buy 5% stake in Indian retailer
Mumbai - Arab News
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: Arab News
GMT 05:37 2017 Sunday ,30 April
Amazon’s moves beyond retail get Wall Street thumbs up, for nowGMT 08:42 2017 Thursday ,02 February
Amazon plans over 200 daily flights from new cargo hub
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 07:00 2017 Thursday ,16 February
Morocco Will not Recognize Self-Proclaimed SADR Despite Return to AU
GMT 22:38 2017 Wednesday ,11 October
PM chairs meeting to review preparations for World Youth Forum
GMT 12:04 2017 Wednesday ,10 May
Artists are racing to finish shooting their dramas
GMT 09:39 2015 Monday ,14 December
Europe-Asia merger is 'only way forward
GMT 00:48 2017 Saturday ,25 February
Turkey’s sovereign fund seeing strong global interest
GMT 08:10 2017 Tuesday ,12 December
Collective efforts vital for progress of country: Saad
GMT 01:37 2017 Thursday ,05 October
Donald Trump's Muslim ban was removed from his website, but it's back
GMT 11:03 2017 Saturday ,18 November
Fully committed to FATA’s mainstreaming, merger: PM
GMT 00:09 2017 Tuesday ,17 October
UN envoy meets Syrian govt delegation
GMT 20:33 2017 Saturday ,25 March
63,000 tons of wheat arrive at Alexandria port
GMT 07:50 2017 Monday ,20 March
Israeli army carries out military drills in the Negev
GMT 20:58 2017 Sunday ,22 October
Prosecutor General assigns state security prosecution to investigate Wahat incident
GMT 05:08 2018 Monday ,24 September
Egypt's foreign minister meets UNDP official, Bahraini counterpart in New York
GMT 04:42 2018 Wednesday ,24 January
Back to drawing board for ailing Djokovic
GMT 03:06 2018 Thursday ,04 January
China's Ant Financial drops MoneyGram deal
GMT 13:50 2017 Friday ,29 December
Syrian regime forces target village in Idlib with 80 shells
GMT 20:55 2017 Wednesday ,08 March
Lebanon stresses importance of abiding to resolution 1701
GMT 22:42 2017 Saturday ,09 December
Dubai Chamber launches 10th cycle of Mohammed bin Rashid
GMT 06:40 2017 Tuesday ,21 February
Hundreds of migrants rush border at Spain’s Ceuta
GMT 22:53 2017 Monday ,14 August
Hot, humid weather on Tuesday
GMT 11:41 2016 Wednesday ,06 January
'Blood Diamond' star returns to Benin to film 'true' voodoo
GMT 20:45 2017 Wednesday ,09 August
Kenya election 2017: Kenyatta ahead as votes counted
GMT 14:27 2016 Sunday ,22 May
No hypothesis can be ruled out about reasons behind EgyptAir plane crash
GMT 15:32 2017 Monday ,27 February
Viola Davis wins Best Supporting Actress Award of 89th Oscars
GMT 19:19 2017 Monday ,06 February
US Justice Department Files Appeal against Suspension of Travel Ban
GMT 10:05 2017 Sunday ,26 February
Expresses resentment over her TV drama accusations
GMT 22:06 2017 Monday ,13 March
Qatari Newspapers Hail Results of HH Sheikha Moza's Visit to Sudan
GMT 04:11 2016 Thursday ,10 November
Cabinet holds weekly meeting
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 ©
Send your comments
Your comment as a visitor