Acquisitions9 Sept 2025, 06:00 pm
Cupid Breweries and Distilleries Ltd Acquires SDF Industries Limited for INR 1 Crore
AI Summary
Cupid Breweries and Distilleries Ltd has received approval from the Committee of Creditors (CoC) for the acquisition of SDF Industries Limited (formerly known as Superstar Distilleries and Foods Limited) through Corporate Insolvency Resolution Process (CIRP). The CoC has decided not to collect the refundable earnest money deposit (EMD) from any Provisional Resolution Applicant, and an amount of INR 1 crore was refunded to Cupid Breweries and Distilleries Ltd on September 03, 2025. The approval of the Resolution Plan by the CoC was followed by the issuance of a Letter of Intent (LoI) by the Resolution Professional of SDF Industries Limited on September 09, 2025.
Key Highlights
- Cupid Breweries and Distilleries Ltd acquires SDF Industries Limited for INR 1 crore.
- Committee of Creditors (CoC) approved the Resolution Plan submitted by Cupid Breweries and Distilleries Ltd.
- CoC decided not to collect the refundable earnest money deposit (EMD) from any Provisional Resolution Applicant.
- An amount of INR 1 crore was refunded to Cupid Breweries and Distilleries Ltd.
- Letter of Intent (LoI) was issued by the Resolution Professional of SDF Industries Limited to Cupid Breweries and Distilleries Ltd.