Cupid Share Price in Focus as Promoter Acquires 8 Lakh Shares in Open Market

In a significant move, Aditya Kumar Halwasiya, the promoter and Chairman and Managing Director of Cupid Limited, has acquired 8,00,000 equity shares of the company.  

This acquisition was executed in the open market, reflecting a strategic decision to increase his stake in the company. 

Details of the Share Acquisition 

On March 20, 2026, Aditya Kumar Halwasiya acquired 8,00,000 shares of Cupid Limited, each with a face value of ₹1. This acquisition was conducted through a market purchase, as disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. 

Prior to this acquisition, Halwasiya held 44,16,45,475 shares, representing 32.84% of the total share capital. Post-acquisition, his holding increased to 44,24,45,475 shares, accounting for 32.90% of the company's total share capital. 

Impact on Cupid Limited's Shareholding Pattern 

The acquisition has resulted in a slight increase in the promoter group's overall holding in Cupid Limited. The total promoter and promoter group holding now stands at 61,66,44,725 shares, which is 45.85% of the total share capital. 

Columbia Petro Chem Private Limited, another entity within the promoter group, maintains its holding of 17,41,99,250 shares, representing 12.95% of the total share capital. 

Regulatory Compliance and Disclosure 

The acquisition was duly reported to the Department of Corporate Services at BSE Limited and the National Stock Exchange of India Limited. The disclosure was made in compliance with SEBI regulations, ensuring transparency and adherence to regulatory requirements. 

Read More: IOL Chemicals Share Price in Focus; Promoter Mayadevi Polycot Acquires Over 6.54 Lakh Shares! 

Cupid Share Price Performance 

As of March 20, 2026, at 3:30 PM, Cupid share price on NSE was closed at ₹79.60 up by 1.02% from the previous closing price. 

Conclusion 

The acquisition of 8,00,000 shares by Aditya Kumar Halwasiya signifies a strategic move to consolidate his position within Cupid Limited. This transaction underscores the promoter's confidence in the company's prospects and aligns with regulatory compliance norms. 

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