BSECompany Update5d ago · 29 Jul 2026, 04:28 pm
Cupid Limited is hereby informing BSE about Press Release on Cupid Limited Strengthens Strategic Partnership with GII Healthcare Investment Limited through Additional Follow-on Investment of USD 5 Mn
Cupid Ltd-$ · 530843
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Cupid Limited has made an additional follow-on investment of USD 5 Mn in GII Healthcare Investment Limited, a healthcare-focused investment platform managed by GII. This investment reflects Cupid's continued confidence in GII's healthcare investment strategy and reinforces the Company's commitment to a long-term strategic partnership.
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Full Announcement
Cupid Ltd-$ - 530843 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: 29th July, 2026
BSE Limited, The National Stock Exchange of India Ltd,
Phiroze Jeejeebhoy Towers, “Exchange Plaza”, 5th Floor,
Dalai Street, Bandra - Kurla Complex, Bandra (East),
Mumbai - 400 001 Mumbai - 400051
Scrip Code: 530843 Symbol: CUPID
Subject: Press Release – Cupid Limited Strengthens Strategic Partnership with GII Healthcare
Investment Limited through Additional Follow-On Investment Of USD 5 Mn.
Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Dear Sir / Ma’am,
With reference to the captioned subject, enclosed herewith the Press Release on Cupid Limited
Strengthens Strategic Partnership with GII Healthcare Investment Limited through Additional Follow-
On Investment Of USD 5 Mn.
This intimation is also being uploaded on the Company’s website at https://www.cupidlimited.com/
This is for your information and records.
Thanking you.
For Cupid Limited
Hardik Chandra
Company Secretary and Compliance Officer
Encl: As above
Cupid Limited Strengthens Strategic Partnership With GII Healthcare
Investment Limited Through Additional Follow-On Investment Of
USD 5 Mn
Mumbai, 29th July, 2026 – Cupid Limited (Cupid, The Company), is pleased to announce a follow-on investment in
GII Healthcare Investment Limited, a healthcare-focused investment platform managed by GII. The investment,
funded entirely through internal accruals, reflects Cupid's continued confidence in GII's healthcare investment
strategy and reinforces the Company's commitment to a long-term strategic partnership.
This additional investment follows Cupid's initial investment and underscores management's conviction in the long-
term strategic value creation potential of GII's healthcare platform. The Company believes the GCC healthcare sector
continues to present compelling long-term growth opportunities, supported by increasing healthcare expenditure,
expanding populations, rising insurance penetration, and sustained government investment across the region. The
investment has been made at an attractive valuation, providing the Company with an opportunity to further increase
its participation in the growth of the platform.
The platform currently holds a significant equity stake in a prominent healthcare provider based in Saudi Arabia.
GII is a leading investment firm with assets under management exceeding USD 3.5 billion and a presence across
Saudi Arabia, the UAE, Europe, the USA, and India. GII has built a strong track record of investing in high-quality
healthcare assets globally, including Abeer Medical Company, one of Saudi Arabia's leading integrated healthcare
providers, and AlMeswak Dental Company, a leading dental and derma care chain in the Kingdom.
Cupid Limited is one of India's leading manufacturers of health and personal care products, including wellness and
hygiene products for men and women, diagnostic kits, fragrances, hair and body oils, and other FMCG products.
Commenting on the Development, Mr. Aditya Kumar Halwasiya, Chairman & Managing Director, Cupid
Limited, said "Our decision to make an additional investment demonstrates our strong conviction in GII's
healthcare investment strategy and the long-term strategic partnership we have developed. This follow-on
investment reinforces our confidence in both the quality of the underlying healthcare assets and the long-term
value creation potential of the platform. As Cupid continues to expand its own global footprint, this strategic
relationship creates opportunities that extend well beyond financial returns.
Cupid remains committed to its mission of enhancing preventive healthcare and wellness outcomes while
responsibly exploring new geographies in alignment with its corporate values and shareholder interests.”
About Cupid Limited
Established in 1993, CUPID Limited is a leading Indian manufacturer specializing in essential healthcare and hygiene
products, including male and female barrier contraceptives, water-based personal care gels, and In-Vitro Diagnostic
(IVD) kits. The company operates with a strong commitment to public health and well-being, maintaining ethical
business practices aligned with international standards.
In alignment with its strategic growth plans, the company has recently expanded its product portfolio to include
Fast-Moving Consumer Goods (FMCG), such as fragrance products (Eau De Parfums, Deodorants, Pocket Perfumes),
personal care items (Toilet Sanitizers, Hair & Body Oils, Hair Removal Sprays, Face Wash), and other wellness
solutions.
In 2024, the company completed a strategic land acquisition in Palava, Maharashtra, enabling it to increase its
production capacity by 1.5 times the existing output. As a result, the annual production capacity will be augmented
by approximately 770 million male barrier contraceptives and 75 million female barrier contraceptives.
The company has a prominent presence in international markets and is the first company in the world to attain
WHO/UNFPA pre-qualification for both male and female barrier contraceptives.
CUPID currently exports its products to over 125 countries, with a substantial portion of its revenue generated from
international markets.
Furthermore, CUPID has established a long-term agreement with WHO/UNFPA. The company is listed on the BSE (BSE:
530843) and the NSE (NSE: CUPID).
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements. Such forward-
looking statements are subject to certain risks and uncertainties like government actions, local, political or
economic developments, technological risks, and many other factors that could cause actual results to differ
materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way
responsible for any action taken based on such statements and undertakes no obligation to publicly update these
forward-looking statements to reflect subsequent events or circumstances.
For Further Information Please Contact Corporate Communication Advisor
Kirin Advisors Private Limited
Sunil Mudgal – Director
sunil@kirinadvisors.com
+91 98692 75849
www.kirinadvisors.com