Crossword to be WOS of Shoppers Stop

Shoppers Stop has exercised the option to acquire 46,85,625 equity shares of Rs 10 each held by ICICI Emerging Sectors Fund in Crossword Bookstores for Rs 14.21 crore.

According to a release issued by Shoppers Stop to the BSE today, the payment has been made, and the transaction is expected to be completed within a week

"After acquisition of these shares, Crossword Bookstores will become a
wholly-owned subsidiary  (WOS) of the company," the release added.