Cupid Breweries And Distilleries Ltd — Updates, 12-04-2025: Company Update

Cupid Breweries and Distilleries Limited has announced a board meeting, approving the allotment of 5,00,12,411 equity shares at ₹60 each (including a ₹50 premium) as part of a preferential allotment related to the acquisition of a 97.83% stake in Crochet Industries Private Limited (CIPL). Additionally, 10,10,591 equity shares will be allotted upon converting unsecured loans into equity shares. This acquisition aims to strengthen Cupid's foothold in the manufacturing of alcoholic beverages. Investor sentiment may view this as a positive outlook, signaling growth and expanded market presence in the spirits industry.