Investment26 Sept 2025, 12:36 pm
Shoppers Stop Invests Rs. 10 Crores in Wholly Owned Subsidiary GSSBL
AI Summary
Shoppers Stop Ltd. has completed an investment of Rs. 10 Crores in Global SS Beauty Brands Limited (GSSBL), its wholly owned material subsidiary, by subscribing to 1000 0.01% Non-Cumulative Optionally Convertible Preference Shares (NOCPS) on a rights basis. This investment is part of the company's approved investment of up to Rs. 50 Crores in GSSBL. The total investment of the company in the Preference Share Capital of GSSBL now stands at Rs. 95 Crores.
Key Highlights
- Shoppers Stop Ltd. has invested Rs. 10 Crores in its wholly owned subsidiary, Global SS Beauty Brands Limited (GSSBL).
- The investment is part of the company's approved investment of up to Rs. 50 Crores in GSSBL.
- The total investment of the company in the Preference Share Capital of GSSBL is now Rs. 95 Crores.
- GSSBL is in the expansion phase and is in need of additional funds to grow its business of distribution of beauty products and setting up specialised beauty stores.
- GSSBL intends to use the funds for proposed expansion plans and working capital requirements of the Company.