Cupid Limited Appoints New Independent Directors Completes Rs 159 Crore Acquisition

Cupid Limited, a leading manufacturer of male and female condoms, has appointed three independent directors and completed the acquisition of 5.58 million shares or 41.84% stake of the company by Columbia Petro Chem Private Limited and Mr. Aditya Kumar Halwasiya of the Universal-Halwasiya Group and Family for Rs 159 crore. The new directors are TV Rao, Rajni Mishra, and RS Loona, who bring diverse expertise and perspectives to the board. The acquisition is expected to enhance the company's growth and expansion plans in the dynamic health sector.,