Cupid Breweries And Distilleries Ltd — Important, 01-01-1970: Company Update

Acquirers Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, along with a Person Acting in Concert, have revised their open offer for Cupid Breweries and Distilleries Limited. They intend to acquire up to 9.60 lakh equity shares, representing 100% of the public shareholding. The revised offer price is ₹ 71.40 per share, which includes an interest component of ₹ 11.40. The total consideration for the acquisition, assuming full acceptance, stands at ₹ 6.85 Crore. This update primarily reflects an increase in the offer price due to an adjusted interest calculation.