Speciality Retail
Acquisitions6 April 2026 at 09:19 am

Cupid Limited Acquires 1,01,00,000 Warrants of Baazar Style Retail Limited

AI Summary

Cupid Limited has acquired 1,01,00,000 warrants convertible into equity shares of Baazar Style Retail Limited through preferential allotment. The warrants are to be converted into equity shares on 24 April, 2026. This acquisition has increased Cupid Limited's holding to 11.92% in Baazar Style Retail Limited, diluting the share and voting capital of the target company.

Key Highlights

  • Cupid Limited acquires 1,01,00,000 warrants of Baazar Style Retail Limited
  • The warrants are convertible into equity shares on 24 April, 2026
  • The acquisition increases Cupid Limited's holding to 11.92% in Baazar Style Retail Limited
  • The acquisition has diluted the share and voting capital of Baazar Style Retail Limited