Baazar Style Retail: Cupid Warrant Deal Focus
Market Update: Cupid Ltd & Baazar Style Retail
**Cupid Ltd** and **Baazar Style Retail** are poised for increased market attention following a proposed strategic investment. Cupid plans to invest in the retail chain through the issuance of convertible equity warrants.
Baazar Style Retail’s board has approved the preferential issue of **1.01 crore** warrants. These are priced at **Rs 328.25** apiece.
The transaction is expected to generate a total cash infusion of **Rs 331.53 crore** for Baazar Style Retail. Final execution remains subject to standard regulatory and shareholder approvals.