Saffron Capital Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of the Securities and Exchange Board ....

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.2%Reaction day

₹101.70

prior close

₹105.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+3.6% vs market

Breweries & Distilleries peers, median of 24sector-0.2%+3.5% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.5 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.2-0.3+3.6-0.2+3.5

Next day

+2.7+0.1+2.7-0.3+3.0

+5.0+0.3+4.7-1.5+6.5

-0.2+0.8-1.0+0.0-0.2

+2.2+0.6+1.7-0.5+2.7

+3.6+0.2+3.4-0.0+3.7

+3.1+0.5+2.6+0.4+2.8

15d

-7.3-0.1-7.2-2.9-4.4

-15.9-3.5-12.4-6.5-9.4

-66.3-5.0-61.2-11.3-55.0

-59.7-13.4-46.3-20.6-39.1

UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 24Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

An open offer has been officially opened for public shareholders of Cupid Breweries and Distilleries Ltd (formerly Cupid Trades and Finance Ltd). Acquirers Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, along with Person Acting in Concert Erramilli Rishab, are offering to buy up to 9,60,000 equity shares at ₹71.80 per share in cash. The offer price includes ₹11.80 per share as 10% interest for a 717-day delay in making the offer. Total deal value is about ₹6.89 crore. The offer represents 100% of the company's pre-preferential public shareholding, which is only 1.85% of the total voting capital. The tendering period runs from October 27, 2025 to November 10, 2025, with payment to eligible shareholders by November 24, 2025.

Likely market impact

Public shareholders can tender their shares on BSE during the tendering window to receive ₹71.80 per share in cash. The Independent Directors Committee has deemed the offer price fair and reasonable, and there has been no revision to the price since announcement.