Investment20 May 2026, 06:51 pm
Shoppers Stop Invests ₹20 Cr in Global SS Beauty Brands
AI Summary
Shoppers Stop Ltd has invested ₹20 Crores in its wholly-owned subsidiary, Global SS Beauty Brands Limited (GSSBBL), through a rights issue of 2000 Non-Cumulative Optionally Convertible Preference Shares (NOCPS) at ₹1,00,000 each. This investment is part of a previously approved plan to invest up to ₹40 Crores. With this tranche, Shoppers Stop's total investment in GSSBBL's preference share capital increases to ₹125 Crores. GSSBBL, with a turnover of ₹379.75 Crores in FY25-26, will use the funds for expansion.
Key Highlights
- Shoppers Stop invests ₹20 Cr in Global SS Beauty Brands Limited (GSSBBL).
- The investment is via subscription to 2000 NOCPS in a rights issue.
- Total investment in GSSBBL's preference share capital reaches ₹125 Cr.
- GSSBBL's FY25-26 turnover was ₹379.75 Crores.
- Funds will be used by GSSBBL for business expansion.
Price Impact
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