Corrigendum to the Public Announcement, Detailed Public Statement and Draft Letter of Offer received by the Company from Saffron Capital Advisors Private Limited (Manager to the Open Offer) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cupid Breweries and Distilleries Ltd has filed a corrigendum to its open offer documents. The offer is for the acquisition of up to 9,60,000 equity shares (representing 100% of existing public shareholding) at a price of ₹71.40 per share, which includes an interest component of ₹11.40 calculated at 10% per annum for 693 days. The total offer size aggregates to approximately ₹6.85 crore. The acquirers are Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, along with Erramilli Rishab acting as a person acting in concert (PAC). The corrigendum was published on September 23, 2025 in Financial Express (English), Janasatta (Hindi), and Navshakti (Marathi, Mumbai edition).
This corrigendum likely contains minor corrections to the original open offer documents. Existing public shareholders of Cupid Breweries can tender their shares at ₹71.40 per share, receiving a 10% interest payout for the delayed offer period. The 100% public shareholding offer means all public shareholders are eligible to participate in this exit opportunity.