Announced Sat, 26 Sept, 2026 · 17:02 IST
Cupid to convert up to 30 lakh warrants of Baazar Style into equity shares
CUPID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+7.5%1-day move
₹270.10
prior close
₹270.10
base price
After-mkt
timing
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-1.1-1.5-1.7-2.4+7.5+15.4+15.4+14.8+20.0+32.1————
Up moveDown movePending
AI summary
Cupid Limited will convert up to 30,00,000 warrants of Baazar Style Retail into equity shares at Rs 328.25 per share, costing about Rs 73.86 crores. Out of 86 lakh warrants outstanding, 30 lakh will now be converted in tranches. Baazar Style, a listed specialty retailer with over 283 stores and FY26 turnover of Rs 1,840 crores, plans to expand to 500 plus stores. Cupid says this strengthens its retail presence and FMCG product reach.
Likely market impact
Signals continued capital deployment of about Rs 73.86 crores into Baazar Style to expand Cupid's consumer reach and retail footprint.