India's Baazar Style falls after insurer pays less than half of 2024 fire claim

Baazar Style Retail

16/04/2026 08:33

April 16 (Reuters) - ** Shares of Baazar Style BAAZ.NS down 2.5% at 294.85 rupees

** Clothing retailer disclosed settlement of an insurance claim related to inventory loss from a fire at its former central warehouse in May 2024

** Says insurer settled claim at 230 million rupees ($2.46 million) against inventory loss of 508.5 million rupees

** YTD, stock up about 7.5%

($1 = 93.3350 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))