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

Shoppers Stop Ltd, a retail and wholesale trading company, has completed a Rs. 10 Crores investment in its material wholly owned subsidiary, Global SS Beauty Brands Ltd (GSSBL). This investment is part of a larger approved investment of up to Rs. 50 Crores, which has been made in tranches. The funds will be used by GSSBL for its expansion plans and working capital requirements. The Company already holds 100% of the paid-up equity capital and preference share capital of GSSBL, amounting to Rs. 5 Crores and Rs. 85 Crores respectively. Post-acquisition, the Company will hold 100% of the equity shares and 100% of the preference shares of GSSBL.