Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesShoppers Stop sells nearly entire 5% in airport retail venture

    Shoppers Stop sells nearly entire 5% in airport retail venture

    "The company's shareholding in Nuance Group Fashion and Luxury Duty Free Private Ltd (NGFL) has been reduced from 5 percent to 0.00035 percent of the paid-up share capital of NGFL," Shoppers Stop said in a regulatory filing.

    February 24, 2017 / 16:15 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Retail chain Shoppers Stop has sold almost its entire 5 percent stake in airport retail venture Nuance Group Fashion & Luxury Duty Free Private for an undisclosed sum.

      "The company's shareholding in Nuance Group Fashion and Luxury Duty Free Private Ltd (NGFL) has been reduced from 5 percent to 0.00035 percent of the paid-up share capital of NGFL," Shoppers Stop said in a regulatory filing.

      Started in 2006, Nuance, through its joint venture with Shoppers Stop Ltd, has been present in the Indian travel retail market for over five years now.

      The company operates duty free shops at arrival and departure halls at the Bengaluru International Airport.

      first published: Feb 24, 2017 04:10 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347