New Delhi, April 3 -- Small-cap stock under Rs.100 Cupid share price will be in focus on Monday, April 6 as the company has announced a strategic investment of Rs.82.88 crore in Baazar Style Retail Limited (Style Baazar). This marks a significant step in strengthening its retail presence and expanding distribution for its growing FMCG portfolio.

As per the press release, the investment represents 25% of the company's total planned outlay of Rs.331.53 crore, with the remaining 75% to be deployed at a later stage.

Cupid has been allotted 1,01,00,000 warrants, which will be converted into equity shares of Style Bazaar, in accordance with regulatory timelines. The investment is expected to provide immediate access to Style Baazar's extensiv...