K Raheja Group-promoted Shopper's Stop Ltd has entered into an MOU with Amalgamated Bean Coffee Trading Company Ltd (ABCTCL), to set up Cafe Coffee Day
(CCD) cafes at Shoppers Stop stores.

Under the MoU, the existing cafes operated by Shoppers Stop shall be converted into the Cafe Coffee Day formats, over the next few months, while all new stores will be designed with CCD outlets.

The first CCD format outlet within Shoppers Stop stores is likely to begin by April this year.

The Shoppers Stop stock closed the day at Rs 80.95, down by Rs 4.65 or 5.43%. The stock hit an intraday high of Rs 85 and low of Rs 80.