Following a Supreme Court stay on a Guwahati High Court order to stop its IPO, retail firm Shopper’s Stop issue will now open on Thursday instead of its proposed opening on Wednesday. Shopper’s Stop Managing Director B.S. Nagesh said market regulator Sebi has cleared the issue and now they will hit the market on Thursday.
‘‘The mood is very positive. We are hoping for good response,’’ he told this newspaper. On Tuesday, the Shillong bench of Guwahati High Court has stayed the IPO following a petition from a Shillong-based North-East Investors’ Association.
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