Retail major Shoppers Stop Ltd on Wednesday announced a fresh investment of ₹20 crore into its wholly owned subsidiary, Global SS Beauty Brands Limited (GSBBL), as part of a previously approved ₹50 crore rights issue. The investment was made through the subscription of 2,000 non-cumulative optionally convertible preference shares (NOCPS), each with a face value of ₹1 lakh.
With this tranche, Shoppers Stop’s total investment in GSBBL’s preference share capital has risen to ₹75 crore, reinforcing its commitment to strengthen its presence in the fast-growing beauty and luxury retail segment. The investment is aimed at funding GSBBL’s expansion plans and working capital needs, as the company scales its distribution of beauty products and sets up specialised beauty stores across India.
GSBBL, incorporated in December 1995, recorded a turnover of ₹220 crore in FY25, up significantly from ₹96 crore in FY24 and ₹14 crore in FY23, reflecting aggressive growth in the beauty segment. The company continues to be 100% owned and controlled by Shoppers Stop, with no change in shareholding following the transaction.
Shoppers Stop said the deal qualifies as a related party transaction, given GSBBL’s status as a material subsidiary. However, since it is a wholly owned entity, the transaction was executed on a rights basis and does not involve any regulatory approvals beyond standard business compliances.
The company has reaffirmed its strategy to build GSBBL into a key player in India’s luxury beauty retail market, partnering with leading international brands to enhance customer experience and expand its footprint in this high-growth vertical.
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