ShopperS Stop Limited has informed the Exchange vide notes to Accounts in the unaudited Financial Results for the quarter/Half year ended September 30, 2009 (taken on record by the Board of Directors of the Company at its meeting held on October 29, 2009) that: "Out of the Rs. 16,531 lacs raised by the Company through its Initial Public Offerings (IPO) in April 2005, Rs. 16,426 lacs were utilized towards the objects of the IPO. The unutilized balance of IPO proceeds have been utilized in temporarily reducing exposure to working capital borrowings".
| NIFTY 
