Shoppers Stop Limited has informed the Exchange about General Updates
SHOPERSTOP · price
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Shoppers Stop has completed the first tranche of Rs. 20 Crores investment in its wholly owned subsidiary Global SS Beauty Brands Limited (GSSBL) by subscribing to 2,000 Non-Cumulative Optionally Convertible Preference Shares (NOCPS) at face value of Rs. 1 lakh each. This is part of a Board-approved total investment of up to Rs. 50 Crores (dated April 29, 2025), with the remaining tranches to follow. With this infusion, the company's total investment in GSSBL's preference share capital rises to Rs. 75 Crores. GSSBL, which distributes beauty products and runs specialty beauty retail stores, posted turnover of Rs. 220 Crores in FY25, more than doubling from Rs. 95.7 Crores in FY24 and Rs. 14 Crores in FY23. Shoppers Stop retains 100% control in GSSBL, and the allotment is expected within 15 working days.
This is a routine capital infusion into a wholly owned subsidiary with no change in ownership or control, so there is no impact on shareholder dilution at the parent level. The rapidly growing beauty vertical is being funded internally, which is positive for the long-term growth story but does not trigger any open offer or change in shareholding structure.