Shoppers Stop has announced a board meeting on subscribing to 2,000 NOCPS in its subsidiary Global SS Beauty Brands Limited (GSBBL) for Rs. 20 Cr, raising its total preference share investment in GSBBL to Rs. 75 Cr.

GSBBL focuses on beauty product distribution and specialty retail, targeting a Rs. 220 Cr turnover in FY24-25. This capital infusion supports GSBBL’s expansion and working capital, boosting Shoppers Stop’s footprint in the growing luxury beauty segment.