Shoppers Stop adds Rs 10 crore to beauty subsidiary
SHOPERSTOP · price
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Shoppers Stop completed a Rs 10 crore second tranche on September 16, 2025, subscribing to 1,000 optionally convertible preference shares at Rs 1 lakh each in wholly owned beauty subsidiary GSSBL. This follows Rs 20 crore invested in June under a Rs 50 crore plan. Preference share investment is Rs 85 crore, with ownership unchanged at 100%. GSSBL, FY25 turnover Rs 220 crore, will use the funds for expansion and working capital.
Supports expansion of the wholly owned beauty business, but uses more cash with no change in ownership or control.