Cupid530843Stake acquisition deal
Cupid to convert up to 30 lakh Baazar Style warrants at ₹328.25 each for approx Rs. 73.86 crore
By ScoutQuest · · 1 min read
1,01,00,000Total warrants approved
Warrants outstanding86,00,000
Warrants already converted15,00,000
- Warrant Conversion
- Up to 30,00,000 warrants converted into equity shares
- Conversion Price
- ₹328.25 per Equity Share
- Cash Consideration
- Approx. Rs. 73.86 Crores
- Target Company
- Baazar Style Retail Limited with over 283 stores
- Outstanding Warrants
- 86,00,000 warrants remaining outstanding
Cupid to convert up to 30 lakh Baazar Style warrants at ₹328.25 each for approx Rs. 73.86 crore.
Target incorporation
Earlier board approval investment in 1,01,00,000 warrants
Earlier conversion 15,00,000 warrants converted
Board meeting
Also from Cupid
Cupid stock fell nearly 5%
22 Oct 2026
Cupid converts 30,00,000 Baazar Style Retail warrants into equity shares at ₹328.25 per share
15 Oct 2026
Cupid stock hit fresh highs, up around 3-3.5% on the day and 20-30% over the past month on heavy volumes
8 Oct 2026
More numbers
- Cost of acquisitionApprox. Rs. 73.86 Crores
- Warrants to be converted30,00,000
- Price per warrant/share₹328.25/-
- Warrants outstanding86,00,000
- Total warrants approved1,01,00,000
- Warrants already converted15,00,000
- Target turnover FY26 (consolidated)Rs. 1,84,086.90 Lacs
- Target PAT FY26Rs. 4,686.78 Lacs
- Target net worth FY26Rs. 45,017.39 Lacs
- ConsiderationApprox. Rs. 73.86 Crores
Source: BSE · 26 Sep 2026
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