Shoppers Stop Limited has informed the Exchange about General Updates
SHOPERSTOP · price
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Shoppers Stop Limited has invested Rs. 20 Crores in its wholly owned material subsidiary, Global SS Beauty Brands Limited (GSSBBL), by subscribing to 2000 preference shares (0.01% NOCPS) at Rs. 1 lakh each. This is the first tranche of an approved Rs. 40 Crore investment. With this, the company's total investment in GSSBBL's preference share capital stands at Rs. 125 Crores. GSSBBL is in the expansion phase and requires funds for growth and working capital. GSSBBL's turnover grew significantly from Rs. 95.73 Crores in FY 2023-24 to Rs. 379.75 Crores in FY 2025-26. The transaction qualifies as a related party transaction as GSSBBL is a wholly owned subsidiary. Cash consideration was used.
This investment signals Shoppers Stop's continued commitment to funding its beauty retail subsidiary's expansion. The funding is expected to support GSSBBL's growth plans and working capital needs without any immediate material impact on the parent company's financials as it involves intra-group transfers.