Amazon picks up 5 percent stake in Shoppers Stop. CNBC-TV18's Priya Sheth caught up with Govind Shikhande, MD of Shoppers Stop and asked him about the details of the agreement and how it will impact the company.
Shikhande also spoke about his outlook going ahead.
Speaking about numbers, he said a target of 8 percent EBITDA margin in 24 months is sustainable.
On HyperCity deal, he said he cannot discuss contours or valuation of the deal. Watch accompanying video for more details.
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