Investment16 Sept 2025, 06:55 pm
Shoppers Stop Ltd Completes Rs. 10 Crores Investment in Global SS Beauty Brands Ltd
AI Summary
Shoppers Stop Ltd has completed an investment of Rs. 10 Crores in its wholly owned subsidiary, Global SS Beauty Brands Ltd (GSSBL), by subscribing to 1000 0.01% Non-Cumulative Optionally Convertible Preference Shares (NOCPS) at a face value of Rs. 1,00,000/- each. This investment is part of the company's approved investment of up to Rs. 50 Crores in GSSBL. The company had previously invested Rs. 20 Crores in the first tranche. GSSBL is in the business of distribution of beauty products and setting up specialised beauty stores, and this investment will be used for proposed expansion plans and working capital requirements.
Key Highlights
- Shoppers Stop Ltd invests Rs. 10 Crores in Global SS Beauty Brands Ltd
- Investment is part of the company's approved investment of up to Rs. 50 Crores in GSSBL
- GSSBL is in the business of distribution of beauty products and setting up specialised beauty stores
- Investment will be used for proposed expansion plans and working capital requirements
- Shoppers Stop Ltd had previously invested Rs. 20 Crores in the first tranche