Shoppers Stop Limited has informed the Exchange about Acquisition

Listed Co AcquisitionStrategic Transactions View source PDF

SHOPERSTOP · price

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Price reaction · full curve 14 horizons · vs prior close

-1.8%1-day move

₹336.00

prior close

₹334.95

base price

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AI summary

Shoppers Stop Limited has completed the first tranche of investment worth Rs. 20 Crores in its wholly-owned subsidiary Global SS Beauty Brands Limited (GSSBBL) through subscription to 2000 preference shares (0.01% NOCPS) at Rs. 1 lakh each. This is part of a board-approved total investment of up to Rs. 40 Crores. With this investment, the company's total investment in GSSBBL's preference share capital stands at Rs. 125 Crores. GSSBBL is engaged in wholesale and retail distribution of beauty products and specialty beauty stores, with FY 2025-26 turnover of Rs. 379.75 Crores. The funds will be used for expansion plans and working capital requirements.

Likely market impact

Positive for Shoppers Stop as it strengthens its beauty retail business segment. The subsidiary is growing rapidly (turnover nearly doubled from Rs. 220 Crores to Rs. 380 Crores), and the capital infusion supports expansion plans.