Nature of Event
Regulatory disclosure received by Cupid Limited pursuant to SEBI Regulation 29(2) of the Substantial Acquisition of Shares and Takeovers Regulations, 2011, regarding acquisition of equity shares by a promoter.
Key Quantitative Figures
- Number of shares acquired: 11,00,000 equity shares of face value Re. 1 each.
- Equity share capital before acquisition: Rs. 134,46,60,700 divided into 134,46,60,700 equity shares.
- Equity share capital after acquisition: Rs. 134,46,60,700 divided into 134,46,60,700 equity shares (unchanged).
- Diluted share capital after acquisition: Rs. 134,70,00,000 divided into 134,70,00,000 equity shares, assuming full conversion of outstanding convertible securities or warrants.
Parties Involved
- Acquiring party: Mr. Aditya Kumar Halwasiya, Promoter and Chairman and Managing Director of Cupid Limited.
- Disclosing entity: Cupid Limited, represented by Hardik Chandra, Company Secretary and Compliance Officer.
- Regulatory recipients: BSE Limited (Scrip Code: 530843) and National Stock Exchange of India Limited (Scrip Code: CUPID).
Purpose or Rationale
Acquisition was made in the open market, and the disclosure is for compliance with SEBI Regulation 29(2).
Financial Impact
- No change in the issued equity share capital of the company as a result of the acquisition, since it was an open market purchase.
- The diluted share capital includes potential conversion of outstanding securities, but no specific details on convertible instruments are provided.
Additional Details
- The disclosure was signed by Mr. Aditya Kumar Halwasiya on behalf of all promoters and promoter group.
- Hardik Chandra, Company Secretary and Compliance Officer of Cupid Limited, submitted the disclosure to the exchanges.
- Address of Mr. Halwasiya: Belair, Flat No. 18A / 9A, Alipore Park Place, Alipore, Kolkata, West Bengal - 700027.
- Address of Cupid Limited: A-68, M.I.D.C., Sinnar, Malegaon, Nashik - 422113.