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BUZZ-Indian retailer Shopper's Stop jumps on report Future Group in talks to buy HyperCity
September 11, 2017 / 5:23 AM / 2 months ago

BUZZ-Indian retailer Shopper's Stop jumps on report Future Group in talks to buy HyperCity

** Shares of Shopper’s Stop Ltd rise as much as 4.8 pct to their highest since Aug 6, 2015

** Future Group is in talks to buy grocery retailer HyperCity, an unit of Shopper's Stop, Economic Times reported on Saturday, citing people with knowledge of the development bit.ly/2xVmKXe

** Future Group and Shopper’s Stop were not immediately available for comments

** A deal will help Shopper’s Stop reduce debt loads though it would depend on the details of the deal - Abneesh Roy, senior vice president of Edelweiss Securities

** Up to Friday’s close, shares of Shopper’s Stop had risen about 43 pct this year

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