M&A M&A
Cupid acquires stake in Saudi Arabia’s fragrance brand Mansam
Source Business Line (opens in a new tab)NSE Announcement (opens in a new tab)
Publicly-listed, Nashik-based consumer healthcare products manufacturer Cupid Ltd has acquired a stake in Saudi Arabia-based fragrance brand Mansam . The investment was done through a fund structure managed by GII Investment Management.Founded in 2022, Mansam is claimed to combine authentic Arabian heritage with global sophistication.