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Shoppers Stop gets nod for additional investment in GSBBL
Apr-30-2025

Shoppers Stop has received approval from Board of Directors for additional investment in Global SS Beauty Brands (GSBBL), material wholly owned subsidiary of upto Rs 50 crore, by way of subscription to Rights Issue of 5000 preference shares i.e. 0.01% Non-Cumulative Optionally Convertible Preference Shares (NOCPS) each at par at face value of Rs 1,00,000 each of GSBBL, in one or more tranches. 

The Board of Directors of Shoppers Stop at its meeting held on April 29, 2025, have inter-alia approved the same.  As on March 31, 2025, the Company already holds an investment in GSBBL of Rs 60 crore, comprising of 5,00,000 Equity shares of Rs. 100 each amounting to Rs 5 crore and 5500 Preference shares of Rs 1,00,000 each amounting to Rs 55 crore.  GSBBL is engaged in the business of premium fashion, Beauty Gifting, and Omnichannel distribution. The core mission and vision of GSBBL is to be an authority in the Indian luxury Beauty market and the partner-of-choice for leading international brands. GSBBL is in the expansion phase and is need of additional funds to grow its business of distribution of beauty products and setting up specialised beauty stores. GSBBL is intend to use the funds the proposed expansion plans and working capital requirements of the Company. 

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.


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