CUPID

On January 21, 2026, the Board of Directors of Cupid Limited approved two key decisions during their meeting: a strategic investment of ₹331.53 crores in preferential warrants convertible into equity shares of Baazar Style Retail Limited, a fashion retail company with a strong presence in India and over 250 stores, aiming to expand Cupid's FMCG product portfolio and consumer reach. The acquisition involves 1.01 crore warrants at ₹328.25 per warrant, with 25% payment at allotment and 75% upon conversion. Additionally, the board approved increasing the threshold for loans, guarantees, securities, and investments to ₹350 crores, subject to shareholder approval. The meeting commenced at 8:30 PM and concluded at 9:45 PM in Mumbai.