Cupid Breweries And Distilleries Ltd — Important, 24-10-2025: Company Update

Cupid Breweries and Distilleries Limited is undergoing an Open Offer where Acquirers Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, with Erramilli Rishab, aim to acquire up to 9,60,000 public equity shares. The offer price is set at ` 71.80 per share, including interest, for a total consideration of up to ` 6.89 crore. This mandatory offer stems from earlier control acquisition and a preferential issue, aiming to expand and strengthen the company's AlcoBev business. The Independent Directors' Committee has found the offer fair and reasonable. Shareholders can tender shares during the offer period.