 "Amazon bids $400 mn for stake in Spencer's; deal stuck at valuation stage")
Shares of Spencer’s Retail soared 18 per cent to Rs 87.90 on the BSE on Tuesday after the company said Radhakishan Damani picked up over 2 per cent stake in the company during the December quarter.
Radhakishan S Damani acquired 1.66 million equity shares, or 2.09 per cent stake, in the company during the recently concluded quarter, reveals shareholding pattern data, filed by the company. The veteran investor had nil or less than 1 per cent holding in the company at the end of September quarter, data shows.
Radhakishan S Damani is anticipated to have bought these shares from the mutual funds,
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