Cupid Breweries And Distilleries Ltd — Important, 16-10-2025: Company Update

Cupid Breweries and Distilleries Limited has announced an open offer by its acquirers to acquire up to 9.60 lakh equity shares from public shareholders at ₹71.80 per share, totaling ₹6.89 crore. This offer follows the acquirers gaining management control through a loan agreement and a subsequent preferential allotment, which significantly increased their stake to 50.08%. The acquirers intend to strengthen the company's brewery and distillery business. Despite a delay in the open offer announcement and an initial error in share crediting, the acquirers have made robust financial arrangements, including ₹1.72 crore in escrow, to ensure compliance. Independent directors will issue their reasoned assessment of the offer for shareholders.