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 ....
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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.
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.