Cupid Ltd Converts 30 Lakh Warrants in Baazar Style Retail

Cupid Limited announced the Board of Directors' approval to convert up to 30,00,000 warrants into equity shares of Baazar Style Retail Limited. This conversion, at a predetermined price of ₹328.25 per share, is part of an earlier approved investment of 1,01,00,000 warrants. The company previously converted 15,00,000 warrants on May 15, 2026, leaving 86,00,000 outstanding, of which 30,00,000 are now slated for conversion. This strategic move aims to strengthen Cupid's retail presence and expand its FMCG product portfolio through Baazar Style's extensive store network, projected to grow to over 500 locations.