Shoppers Stop Limited has completed an investment of ₹10 crore in Global SS Beauty Brands Limited (GSSBL), a wholly-owned material subsidiary. This investment is part of a rights issue of 1,000 Non-Cumulative Optionally Convertible Preference Shares (NOCPS) at ₹1,00,000 each, as of September 26, 2025.
With this latest investment, the total investment by Shoppers Stop in the preference share capital of GSSBL has reached ₹95 crore.
The investment was approved by the Board of Directors on April 29, 2025, which allowed for an additional investment of up to ₹50 crore in GSSBL through a rights issue of 5,000 preference shares. Shoppers Stop had previously invested ₹30 crore in two tranches.
The funds are intended to support GSSBL's expansion plans and working capital requirements. GSSBL is focused on the distribution of beauty products and the operation of specialty retail stores, with a vision to be a leader in the Indian luxury beauty market.
| Fiscal Year | Turnover (₹) |
|---|---|
| FY 2024-25 | 220,01,97,342 |
| FY 2023-24 | 95,73,23,350 |
| FY 2022-23 | 14,02,04,441 |
As of now, Shoppers Stop holds 4,99,994 equity shares and 8,500 preference shares in GSSBL prior to this acquisition. Post-acquisition, Shoppers Stop will hold 4,99,994 equity shares and 9,500 preference shares, maintaining 100% control.
The allotment of NOCPS of GSSBL is expected to be completed within 15 working days.
Rakeshkumar Saini, Vice President – Legal, CS & Chief Compliance Officer of Shoppers Stop, confirmed that this investment is a related party transaction, as the promoter group has a 65.53% interest in GSSBL. The transaction is being conducted at arm's length.
The Company has invested in NOCPS of GSSBL by way of subscription of Right Issue on September 26, 2025.
Shares of Shoppers Stop were trading at Rs 544.00 on Friday, down 0.47 percent after moving between Rs 538.55 and Rs 548.75 during the day. Over the past year, the stock has declined 38.86 percent, with a range of Rs 467.15 to Rs 909.95. It currently trades at a trailing 12-month price-to-earnings multiple of 340.67.
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