The Board of Directors of Shoppers Stop Limited ("the Company") at its Meeting held on July 26, 2022, have approved additional investment in Global SS Beauty Brands Limited (formerly known as Upasna Trading Limited), wholly owned subsidiary ("GSBBL") of upto Rs. 20 Crores, by way of a combination of Equity Shares and Fully Convertible Debentures.
GS BBL is an SPV of the Company that intends to use the proceeds towards its business of distribution of beauty products.
Shares of Shoppers Stop Limited was last trading in BSE at Rs. 541.70 as compared to the previous close of Rs. 550.95. The total number of shares traded during the day was 29989 in over 2238 trades.
The stock hit an intraday high of Rs. 569.75 and intraday low of 535.00. The net turnover during the day was Rs. 16596962.00.