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Sunday, March 27, 2011
Shoppers Stop Ltd: Updates
Shoppers Stop Ltd has informed BSE that that the Board of Directors of the Company have approved the variation / modification of the terms of investment by the Company in 7% Cumulative Redeemable Preference Shares of its subsidiary, Hypercity Retail (India) Limited, whereby the 7% Cumulative Redeemable Preference Shares of Rs. 10/- each would be converted in 7% Compulsorily Convertible Preference Shares of Rs. 10/- each.
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