Newspaper Publication pertaining to Corrigendum to the Detailed Public Statement, Draft Letter of Offer and earlier corrigendum dated September 22, 2025.
Price
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Awaiting price reaction for this filing.
Cupid Breweries and Distilleries Ltd submitted newspaper publication copies of a second corrigendum to its ongoing Open Offer under SEBI (SAST) Regulations, 2011. The corrigendum revises the offer price to ₹71.80 per equity share, up from ₹60, after adding interest of ₹11.80 per share at 10% per annum for 717 days of delay (December 8, 2023 to November 24, 2025). Total revised offer consideration stands at ₹6.89 crore for 9,60,000 equity shares. The corrigendum was published on October 13, 2025 in Financial Express, Jansatta, and Navshakti. Acquirers are Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, with Erramilli Rishab as PAC. Saffron Capital Advisors is managing the offer.
Public shareholders who tender their shares in the open offer will now receive ₹71.80 per share instead of the earlier ₹60, benefiting from the interest component due to the prolonged delay. The higher offer price makes the tender more attractive for eligible shareholders.