Baazar Style Retail shares decline 5% on Cupid's warrant deal announcement

Shares of Cupid Ltd and Baazar Style Retail are set to remain in focus after Cupid proposed a strategic investment in the retailer through convertible equity warrants. Baazar Style Retail’s board approved a preferential issue of 1.01 crore warrants at Rs 328.25 apiece, raising Rs 331.53 crore in cash, subject to regulatory and shareholder approvals.