Shoppers Stop has completed the approved investment aggregating to Rs 5 crore in the preference share capital of Global SS Beauty Brands (GSBBL) by way of subscription to Rights Issue of 500 {0.01% Non-Cumulative Optionally Convertible Preference Shares (NOCPS) of Rs 1,00,000} of GSBBL. With the above subscription, the overall subscription to Preference Shares of GSBBL is enhanced to Rs 55 crore.
The object of the acquisition is to subscribe to NOCPS shares entitlement of the Company in the rights issue of GSBBL, a material wholly-owned subsidiary Company. GSBBL is an SPV of the Company that intends to use the proceeds towards its business of distribution of beauty products. The object is in-line with the beauty products business of the Company.
The Company has invested in NOCPS of GSBBL by way of subscription to Rights Issue on September 24, 2024.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
| Company Name | CMP |
|---|---|
| Avenue Supermarts | 4629.25 |
| Trent | 4105.95 |
| Vishal Mega Mart | 118.90 |
| Aditya Birla Lifesty | 105.86 |
| PN Gadgil Jewellers | 667.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: