Shoppers Stop Invests ₹20 Cr in Subsidiary GSSBBL

Shoppers Stop Ltd completed a ₹20 crore investment in its wholly-owned subsidiary Global SS Beauty Brands Ltd via a rights issue of preference shares.
The investment is the first tranche of a previously approved ₹40 crore capital infusion to fund GSSBBL's expansion and working capital needs.
GSSBBL, a beauty products retailer, has shown significant growth with FY26 turnover reaching ₹379.75 crores, up from ₹95.73 crores in FY24.
The transaction maintains Shoppers Stop's 100% ownership and control over the material subsidiary, with no change in shareholding percentage.