Cupid Breweries and Distilleries Ltd inks agreement for acquisition of operational alcobev unit

Cupid Breweries and Distilleries Limited (Formerly known as Cupid Trades and Finance Limited) has entered into an Agreement for Sale and Transfer dated June 05, 2026 with United Spirits Limited, a Diageo Group company.

The Agreement has been executed for the proposed purchase of land, building, plant & machinery along with premium excise licenses pertaining to the production unit situated at Gopalpur, Odisha, for a total consideration of Rs. 22.50 Crores, exclusive of applicable taxes, registration charges and stamp duty. Pursuant to the terms of the Agreement, the Company has paid an advance of Rs. 1.00 Crore (inclusive of applicable TDS).

The proposed transaction represents a significant step in the Company's growth and expansion strategy and envisages the acquisition of a large alco-beverage production unit having an installed production capacity of approximately 2,50,000 cases per month. Upon completion of the transaction, the Company expects to significantly strengthen its manufacturing capabilities and establish a robust platform for future growth.

Shares of Cupid Breweries and Distilleries Limited was last trading in BSE at Rs. 25.38 as compared to the previous close of Rs. 24.18. The total number of shares traded during the day was 14256 in over 42 trades.

The stock hit an intraday high of Rs. 25.38 and intraday low of 25.38. The net turnover during the day was Rs. 361817.00.

Source : Equity Bulls

Keywords

CupidBreweriesandDistilleries INE108G01010 Agreement Acquisition AlcobevUnit UnitedSpirits