Cupid: Conversion of upto 30,00,000Warrants, in or more tranches, of Baazar Style Retail Limited ( Baazar Style )…
Cupid (CUPID) filed a disclosure titled "Conversion of upto 30,00,000Warrants, in or more tranches, of Baazar Style Retail Limited ( Baazar Style ) held by the Company". The company is valued at about ₹36,306 crore.
What happened
Cupid (CUPID) filed a disclosure with the exchanges on 26 September 2026 at 05:06 PM titled "Conversion of upto 30,00,000Warrants, in or more tranches, of Baazar Style Retail Limited ( Baazar Style ) held by the Company".
Company snapshot
Cupid is a mid-cap company in the Fast Moving Consumer Goods sector, with a market value of about ₹36,306 crore.
The stock last traded at ₹270, against a 52-week range of ₹41.82–₹299 (9.7% below the high).
Before this filing the shares had moved −2.4% over the month and +42.2% over three months. Average daily turnover over the last 20 sessions was about ₹483 crore.
Promoters held 46.24% at the end of Q1 FY27, up 0.21% points from the previous quarter; 8.03% of promoter shares were pledged. Foreign institutions owned 4.17% and domestic institutions 0.34%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 60 | 15 | 0.56 |
| Q2 FY26 | 84 | 23.9 | 0.9 |
| Q3 FY26 | 93 | — | 1.22 |
| Q4 FY26 | 120 | 36.3 | 0.27 |
| Q1 FY27 | 155 | 44.1 | 0.33 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 2.0% on average the next trading day and was down 0.5% on average after five days (2 filings with price data).
Across 69 similar disclosures by other Fast Moving Consumer Goods companies, shares moved +0.5% on average the next day and +0.3% over five days; 46% of them rose the next day.
Market-wide, 1,921 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 50% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 23 Sept 2026 | Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition… | −1.4% | — |
| 28 Aug 2026 | M&A | −2.6% | −0.5% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- Cupid promoter declares no encumbrance of shares in FY26
- Cupid Ltd rallies 5% as company eyes record earnings and ₹600 crore revenue in FY27
- Cupid Limited raises FY27 revenue guidance to Rs 725-750 crore
- Is Now The Time To Put Cupid (NSE:CUPID) On Your Watchlist?
- Cupid Ltd. Key Financial Ratios – Valuation, Profitability & More
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.