Amazon, however, might now turn out to be the one big buyer in the Shoppers Stop block deal.

In a rather aggressive move for the retail sector, according to sources contending with the speculation, the online behemoth Amazon.com NV is directly to enter along with taking a large stake in Shoppers Stop through a block deal. The people who know the matter say that there are advanced talks between the soon-to-be future stakeholders, indicating that this may happen soon. Last but not least, the internal strategic mergers might strengthen the online venture in the Indian retail market.

It is likely that a substantial chunk of shares will be part of the block deal, being transferred probably from one or another of Shoppers Stop's erstwhile shareholders. Further details can be awaited from the official confirmation about this deal from Amazon or Shoppers Stop. However, according to people working in the industry, this is yet again moving within the broader framework of Amazon's endeavor to expand its offline retail footprint within India.

Amazon continues to explore the possibilities of linking online and offline offerings into a seamless experience, and the network of department stores created by Shoppers Stop would indeed add some great value in its portfolio. Currently, Shoppers Stop has more than 80 stores across the country and boasts a strong brand identity along with a loyal customer base, qualifying great requirements for a partner for fulfilling Amazon's retail aspirations.