The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Subha Lalita Samavedam
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
An individual acquirer, Subha Lalita Samavedam (not part of the promoter group), has acquired 33,35,273 equity shares representing 6.42% of the total paid-up equity share capital of Cupid Breweries and Distilleries Ltd through a preferential allotment dated April 11, 2025. Prior to this acquisition, the acquirer held no shares in the company, so this is a fresh entry crossing the 5% disclosure threshold under SEBI takeover regulations. The preferential allotment massively expanded the company's equity share capital from ₹96 lakh (9,60,000 shares) to ₹51.98 crore (5,19,83,002 shares), indicating a large capital raise.
Existing shareholders face significant equity dilution as the total share count grew by roughly 54 times. The entry of a new non-promoter shareholder above the 5% mark suggests external investment interest, but the steep expansion of share capital may pressure the stock price in the short term.