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As on : 26-Sep-2026
Corporate News
26-Sep-2026     18:24

Cupid Limited’s board approved converting warrants into Equity Shares of Baazar Style Retail Limited

Cupid Limited announced that its board of directors approved the conversion of up to 30,00,000 warrants into an equivalent number of Equity Shares of Baazar Style Retail Limited, at a predetermined price of Rs 328.25 per Equity Share. The conversion, which will occur in one or more tranches, is part of an initial investment of 1,01,00,000 warrants in Baazar Style made by Cupid Limited in January 2026, and will cost approximately Rs 73.86 crore. Cupid Limited stated that the strategic investment will strengthen its retail presence and expand consumer reach, leveraging Baazar Style’s network of over 283 stores to scale its FMCG product portfolio.

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