Share Swap

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Cupid Breweries approves acquisitions of spirits firms and state expansions

Cupid Breweries and Distilleries Limited's board approved the acquisition of full stakes in Rinpoche Spirits Private Limited and Crochet Industries Private Limited through share swaps on March 2, 2026. The company allotted approximately 4.44 crore equity shares valued around ₹348 crore for Rinpoche Spirits alone. It also greenlit new branch offices in five Indian states to bolster its alcoholic beverages operations.

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