Crossword Bookstore Sold To Pune-Based ABH For Rs 41.62 Crore

Shoppers Stop owned 'Crossword Bookstore' has been sold to its Pune-based franchise Agarwal Business house on August 31. However, the owner wanted to exit the non-core business and concentrate on other businesses. The gross business valuation for the bookstore was Rs 41.62 crore. “Under the agreement, ABH will take over all the assets and brand. Any liabilities will be adjusted for arriving at the final consideration,” said the company.