Shoppers Stop Invests ₹10 Cr in Subsidiary GSSBBL

Shoppers Stop Ltd has completed the second tranche of its investment in its wholly-owned subsidiary, Global SS Beauty Brands Limited (GSSBBL). The company invested ₹10 Crores (Rupees Ten Crores only) by subscribing to 1000 Non-Cumulative Optionally Convertible Preference Shares (NOCPS) on a rights basis. This brings the total investment in GSSBBL's preference share capital to ₹135 Crores. The initial approval was for an additional investment of up to ₹40 Crores to fund GSSBBL's growth and business expansion in the beauty products retail and wholesale distribution sector. GSSBBL reported a turnover of ₹379.75 Crores in FY 25-26. This transaction is considered a related party transaction as GSSBBL is a wholly-owned subsidiary.