Acquisitions5 Mar 2026, 11:58 am
Promoters of Cupid Breweries and Distilleries Ltd Acquire Shares Worth 50.08%
AI Summary
According to a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Rodrigues Bhagvandas Lily, Venkatachalam Prasad Erramilli, and others have acquired shares and warrants/convertible securities/any other instrument that entitles them to receive shares carrying voting rights in Cupid Breweries and Distilleries Ltd. The total acquisition amounts to 50.08% of the company's share capital. This acquisition was made through preferential allotment on March 02, 2026.
Key Highlights
- Rodrigues Bhagvandas Lily and Venkatachalam Prasad Erramilli, along with others, have acquired shares and warrants/convertible securities in Cupid Breweries and Distilleries Ltd.
- The total acquisition amounts to 50.08% of the company's share capital.
- The acquisition was made through preferential allotment on March 02, 2026.
- Cupid Breweries and Distilleries Ltd's equity share capital has increased from ¥51,98,30,020 to ¥2,91,34,33,090.
- The total voting capital of the company has increased from 5,19,83,002 to 9,13,43,309 equity shares.