Shoppers Stop Limited - Acquisition

27 Jul 2022 , 12:00 AM

In compliance with Regulation 30(6) read with Schedule III, Part A, Para A(1) of the Listing Regulations, we hereby inform you that the Board of Directors of Shoppers Stop Limited (???the Company???) at its Meeting held on July 26, 2022, have inter-alia 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. Details with respect to the said purchase as required under Regulation 30(6) read with Schedule III Part A Para A(1) of the Listing Regulations and the SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015 are enclosed as Annexure.We request you to take the above information on record.