Shoppers Stop promoters shift pledged shares to Aditya Birla Capital

Cape Trading LLP and K. Raheja Corp Private Limited, both promoters of Shoppers Stop Limited, have disclosed changes in their pledged equity shares. On August 29, 2025, Cape Trading LLP reported the creation of a new pledge of 1,847,500 shares, representing 1.68% of Shoppers Stop's total share capital, with Aditya Birla Capital Limited. This followed a release of an equal number of shares on August 25, 2025, which were previously pledged with IDBI Trusteeship Services Limited for HDFC Bank Limited.

Similarly, K. Raheja Corp Private Limited created a pledge of 3,382,204 shares, or 3.07% of the total share capital, with Aditya Birla Capital Limited on August 29, 2025. This also succeeded a release of the same number of shares on August 25, 2025, which were previously pledged with IDBI Trusteeship Services Limited for HDFC Bank Limited. These actions indicate a shift in the financing arrangements for the promoters.