Shoppers Stop seeks Amazon deal clarity over new FDI norms
Retail chain Shoppers Stop has said it is seeking more clarity on whether the revised FDI norms in e-commerce could affect its stake sale to Amazon. Amazon had acquired 5% stake in Shoppers Stop through Foreign Portfolio Investor (FPI) route in 2017. "There has been no change in the partnership yet," Shoppers Stop Managing Director Rajiv Suri said.