Mumbai, Sept 10 (Udaipur Kiran): Shares of Cupid Ltd rose marginally on Tuesday after the company announced that it has entered into a term sheet to acquire a strategic stake in Mansam, a Saudi Arabian luxury fragrance brand.

The stock was trading at Rs 197.35 on the BSE, up 0.60 points or 0.30% from its previous close of Rs 196.75. It opened at Rs 197.65 and touched a high of Rs 199.95 and a low of Rs 193.65. So far, about 2,36,471 shares have been traded.

Investment in Mansam

Cupid will acquire the stake through a fund structure managed by GII Investment Management. Mansam, founded in 2022 by Key Notes Trading LLC, is positioned as the first Arabian luxury fragrance brand with ambitions of global expansion.

The investment will help Cupid strengthen its presence in the lifestyle and consumer segment, while also leveraging opportunities in the fast-growing Middle Eastern luxury market.

Stock and Market Overview

The BSE Group ‘B’ stock, with a face value of Re 1, has touched a 52-week high of Rs 199.95 (Sept 10, 2025) and a 52-week low of Rs 50.00 (Apr 7, 2025).

In the last week, the stock has traded between Rs 199.95 (high) and Rs 163.80 (low). Cupid’s current market capitalisation stands at Rs 5,298.20 crore.

Promoter holding in the company is 42.52%, while institutions own 1.06% and non-institutional investors 56.43%.

Company Profile

Cupid is engaged in the manufacture and marketing of male and female condoms, water-based lubricants, latex dental dams, and probe covers. Its products are available across multiple international markets.