Cupid Limited withdraws plans to invest in TFCIL

Cupid Limited has announced its decision to withdraw its plans to invest in TFCIL due to various reasons.

After careful consideration and thorough analysis of market conditions, strategic priorities, and potential risks, Cupid Limited has determined that pursuing an investment in TFCIL being a non-core investment is not aligned with Cupid Limited's current objectives and longterm vision.

"While we initially explored the possibility of diversifying our portfolio through investment in TFCIL, upon extensive and subsequent deliberation we have concluded that focusing on our core strengths at Cupid Limited is our top priority," said Kuldeep Halwasiya, Chairman at Cupid Limited.

Cupid Limited remains committed to delivering superior value to its stakeholders and will continue to focus on strengthening its core business areas, enhancing operational efficiencies and pursuing opportunities that align with its strategic objectives.

Shares of Cupid Limited was last trading in BSE at Rs. 2136.45 as compared to the previous close of Rs. 2034.75. The total number of shares traded during the day was 74313 in over 628 trades.

The stock hit an intraday high of Rs. 2136.45 and intraday low of 2124.00. The net turnover during the day was Rs. 158743098.00.

Shares of Tourism Finance Corporation of India Limited was last trading in BSE at Rs. 172.95 as compared to the previous close of Rs. 175.75. The total number of shares traded during the day was 124107 in over 1377 trades.

The stock hit an intraday high of Rs. 178.30 and intraday low of 171.70. The net turnover during the day was Rs. 21677204.00.

Source : Equity Bulls

Keywords

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