Shoppers Stop Limited Rights Issue (Shoppers Stop Rights Issue) Detail

Incorporated in 1997, Shoppers Stop Limited (SSL) laid its foundation in 1991 by setting up the first store in Andheri selling only menswear. With over 23+ years of experience, SSL has now grown to be the largest chain of Department stores in India. SSL is part of India's prominent business group K.Raheja Corp group operating in the real estate development, mall operations, and hospitality sector. Shoppers Stop is a household name, known for its superior quality products and providing a complete shopping experience. The company has a wide range of product offerings like leading international and national brands in clothing for men, women, and kids; accessories, perfumes, cosmetics, footwear; home furnishing and home decor products, books, and beauty products. SSL sells home items through 'Home Shop' and books through 'Crossword' stores. As of 30th September 2020, SSL has 85 Shoppers Stop stores (including 74 mall stores and 11 standalone stores), 11 'Home Stop' stores, 131beauty stores, 27 airport doors, and 33 'Crossword' stores spread across the country. The company has a strong distribution and logistics network, with four distribution centres covering approximately 520,000 square feet and handling over 500,000 stock keeping units per year SSL is the only Indian member of "Intercontinental Group of Departmental Stores" that comprises of the best department stores from across the world. Company Strengths: • Part of India's one of the leading group K. Raheja Corp group. • An experienced Management team. • A high degree of employee ownership. • Pan India presence. • One-stop-shop with a wide range of products and services. Company Strategies: • Loyalty program (First Citizen) to drive growth, increase footfalls, and grow market share. • Personal shopper for an enriched customer shopping experience. • Focus on Innovation. • Digital transformation • Expanding the network of stores in Tier II and III cities.