Announced Thu, 2 Apr · 17:56 IST
Allotted 1.01 Cr Equity Warrants to Cupid Ltd at ₹328.25 on Preferential Basis
Fund Raising View source PDF
STYLEBAAZA · price
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Price reaction · full curve 14 horizons · vs prior close
-6.3%1-day move
₹301.00
prior close
₹307.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.8-2.5-3.7-5.0-6.3-3.0-3.7-2.7-2.7-1.6+29.7+37.6+8.3+6.0
Up moveDown movePending
AI summary
Baazar Style Retail allotted 1,01,00,000 equity warrants to Cupid Limited (non-promoter body corporate) on a preferential basis at ₹328.25 per warrant, aggregating ~₹331.53 crore. Cupid paid 25% (~₹82.88 crore) upfront; balance due on conversion within 18 months. Each warrant converts to 1 equity share (FV ₹5). Board also appointed KPMG Assurance and Consulting Services LLP as internal auditor for FY26-27.
Likely market impact
Potential dilution if all warrants convert within 18 months; ~₹331.53 Cr raise hinges on single investor Cupid Ltd. KPMG appointment signals governance upgrade.