Shoppers Stop Limited — JV/Acquisition, 29-04-2025: Acquisition

Shoppers Stop Limited has approved an additional investment of ₹50 Cr in its wholly owned subsidiary, Global SS Beauty Brands Limited (GSBBL), via a rights issue of 5,000 optionally convertible preference shares. This investment is aimed at bolstering GSBBL's operations in premium fashion and beauty distribution, facilitating significant growth and the establishment of specialized beauty stores. With GSBBL's reported turnover of ₹95.73 Cr for FY 2023-24, this strategic move solidifies Shoppers Stop's commitment to capitalizing on opportunities in the luxury beauty market, ensuring complete control over its subsidiary.