Shoppers Stop Invests ₹20 Cr in GSSBBL Rights Issue

Shoppers Stop Ltd has invested ₹20 Crores in the first tranche of a Rights Issue by its wholly-owned subsidiary, Global SS Beauty Brands Limited (GSSBBL), subscribing to 2000 Non-Cumulative Optionally Convertible Preference Shares (NOCPS) at ₹1,00,000 each. This investment is part of an approved plan to invest up to ₹40 Crores in GSSBBL. Following this subscription, Shoppers Stop's total investment in GSSBBL's preference share capital has increased to ₹125 Crores. GSSBBL's turnover for FY 25-26 was ₹379.75 Crores.