Shoppers Stop Ltd Completes Rs. 10 Crores Investment in Global SS Beauty Brands Limited

Shoppers Stop Ltd, a retail and wholesale trading company, has completed an investment of Rs. 10 Crores in its wholly owned subsidiary, Global SS Beauty Brands Limited (GSSBL). This investment is part of a larger approved amount of Rs. 50 Crores, which will be used for the growth and business of GSSBL, including its expansion plans and working capital requirements. GSSBL is engaged in the distribution of beauty products and operates speciality retail stores. The company has already invested Rs. 75 Crores in the preference share capital of GSSBL and, with this new investment, the overall investment of the Company in the Preference Share Capital of GSSBL is enhanced to Rs. 85 Crores.