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

Cupid Breweries and Distilleries Limited has an open offer from Erramilli Venkatachalam Prasad, Rodrigues Bhagvandas Lily, and Erramilli Rishab to acquire up to 960,000 equity shares. The offer price is ₹71.80 per share, which includes ₹11.80 interest for delay, aggregating to approximately ₹6.89 Cr. This aims to acquire 100% of the public shareholding. The Committee of Independent Directors finds the offer fair and reasonable, complying with SEBI takeover rules. However, they note that the company's shares are trading higher on the BSE than the offer price. Shareholders are encouraged to independently evaluate the offer against the current market price before deciding.