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

Acquirers Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, with Erramilli Rishab, have hiked their open offer price for Cupid Breweries and Distilleries. The revised offer is now ₹71.80 per equity share. This increase includes an ₹11.80 interest component per share, compensating for a delay in the open offer process. The total consideration for acquiring up to 9.60 lakh public shares, which is 100% of the public shareholding, now stands at ₹6.89 Cr. This higher payout benefits public shareholders participating in the offer.