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Cupid Breweries and Distilleries' Independent Directors have assessed an open offer by Erramilli Venkatachalam Prasad, Rodrigues Bhagvandas Lily, and Erramilli Rishab to acquire up to 0.096 Cr equity shares at ₹71.80 per share (including ₹11.80 interest for delay). The Directors concluded the offer price aligns with valuation guidelines and is fair and reasonable. However, they highlighted that the company's shares are currently trading higher on BSE than the offer price. Shareholders are advised to independently evaluate the open offer against the market price and make an informed decision. This open offer seeks to acquire 1.85% of the company's fully diluted voting capital.