Cupid Limited Promoter Boosts Stake with 11 Lakh Share Acquisition
Aditya Kumar Halwasiya, a key promoter of Cupid Limited, acquired 11,00,000 equity shares through open market transactions. This increased his personal stake from 29.52% to 29.93%, and the total promoter group holding from 42.50% to 42.91%. The company's equity share capital remains at Rs. 26,84,67,140, divided into 26,84,67,140 equity shares of Re. 1 each. The transaction was disclosed in compliance with SEBI regulations.
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Cupid Limited , a prominent player in the contraceptive industry, has witnessed a significant change in its shareholding pattern following a recent acquisition by one of its promoters. Aditya Kumar Halwasiya, a key promoter of the company, has increased his stake through a substantial open market purchase.
Acquisition Details
Aditya Kumar Halwasiya acquired 11,00,000 equity shares of Cupid Limited, each with a face value of Re. 1, through open market transactions. This strategic move has resulted in a notable increase in Halwasiya's shareholding in the company.
Impact on Shareholding
The acquisition has led to the following changes in the company's shareholding structure:
| Shareholder | Pre-Acquisition | Post-Acquisition | Change |
|---|---|---|---|
| Aditya Kumar Halwasiya | 7,92,55,582 (29.52%) | 8,03,55,582 (29.93%) | +0.41% |
| Columbia Petro Chem Private Limited | 3,48,39,850 (12.98%) | 3,48,39,850 (12.98%) | No change |
| Total Promoter & Promoter Group | 11,40,95,432 (42.50%) | 11,51,95,432 (42.91%) | +0.41% |
Significance of the Transaction
This acquisition strengthens the promoter group's position in Cupid Limited. The combined holding of the promoter and promoter group, which includes Columbia Petro Chem Private Limited, has increased from 42.50% to 42.91% of the total share capital.
Company Overview
Cupid Limited maintains its equity share capital at Rs. 26,84,67,140, divided into 26,84,67,140 equity shares of Re. 1 each. The company is known for its presence in the contraceptive manufacturing sector.
Regulatory Compliance
In compliance with regulatory requirements, Aditya Kumar Halwasiya has made the necessary disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This transparency ensures that all stakeholders are informed about significant changes in the company's ownership structure.
The acquisition underscores the promoter's confidence in Cupid Limited's future prospects and may be seen as a positive signal by the market. As always, investors are advised to conduct their own research and consider various factors before making investment decisions.
Historical Stock Returns for Cupid
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.28% | +4.17% | +19.16% | +224.71% | +140.89% | +1,758.08% |
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