Shoppers Stop Limited — Important, 29-04-2025: General Updates

Shoppers Stop Limited's Board has approved an investment of up to ₹50 Crores in its subsidiary, Global SS Beauty Brands Limited, via a rights issue of 5,000 preference shares. This move supports GSBBL’s expansion in the premium beauty market and aims to bolster its operational capabilities. Previously, Shoppers Stop has invested ₹60 Crores in GSBBL, underscoring its strategic focus on the growing beauty segment, with GSBBL's turnover for FY 2023-24 reported at ₹95.73 Crores.