The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Erramilli Venkatachalam Prasad
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Erramilli Venkatachalam Prasad has increased his stake in Cupid Breweries and Distilleries Ltd from 22.25% (1,15,67,208 shares) to 25.04% (1,30,16,094 shares) by acquiring 14,48,886 shares (2.79%). The acquisition was done through an inter-se transfer between promoters who are immediate relatives, dated January 1, 2026. No shares were encumbered, and the total share capital of the company remains unchanged at ₹51.98 crore (5.19 crore equity shares of ₹10 each). The total promoter group holding remains the same; only the distribution within the promoter family has changed.
This is an internal reshuffling within the promoter family and does not change the overall promoter ownership in the company. There is no material impact on the stock price or minority shareholders, though it shows promoters are consolidating holdings among themselves.