Cupid has received its board’s approval to raise funds upto Rs 60 crore by way of issuance of securities through QIP/FCCB/FCCB/ADR/GDR etc. The company’s board gave approval for the same at the meeting held on January 05, 2017.
The company’s board also gave approval for increasing the authorized share capital of the Company from Rs 12 crore to Rs 16 crore and subsequent change in capital clause of the Memorandum of Association of the Company.
Cupid manufactures and markets varieties of male and female condoms, water based lubricant, latex dental dams and probe covers. Cupid has a diverse product basket available in over 25 countries worldwide.
