- 11 Sep
Cupid share price falls as Universal-Halwasiya Group gears up to acquire stake
The share price of condom manufacturer and supplier Cupid fell 2.63% to Rs 384.55 in early trade on September 11, after hitting a fresh 52-week high of Rs 418.40 earlier in the day. The decline came as the Universal-Halwasiya Group and Family announced plans to acquire a significant stake in the company. The Universal-Halwasiya Group and Family have entered into a definitive agreement to acquire 41.84% equity capital/voting right from the promoter/promoter group of Cupid Limited, namely Omprakash Garg and Veena Garg, and the management control, subject to regulatory compliance and approval.