Archive · 22 Nov 2025
Cupid CMD Buys Stake in Quant Mutual Fund's Karnataka Bank
The chairman of Cupid Ltd, a healthcare and personal products company, bought a big chunk of shares in Karnataka Bank.
This happened while the bank is trying to improve its business and technology.
The bank's stock price went up after this news.
Aditya Kumar Halwasiya, Cupid Ltd's CMD, bought a bulk stake in Karnataka Bank
Purchase comes amid bank's transformation plans to improve asset quality and technology
Halwasiya bought 38 lakh shares at ₹185.87 each
Karnataka Bank shares closed 7.63% higher after the announcement
Bank's shares have given 325% returns in the last five years
- Who
- Aditya Kumar Halwasiya, CMD of Cupid Ltd
- What
- Bought a bulk stake in Karnataka Bank
- When
- Friday, 21 November 2025
- Where
- Karnataka Bank
- Why
- Amid bank's transformation plans
Supporters of Halwasiya's move
Skeptics of Halwasiya's move
Potential for value creation
Supporters of Halwasiya's move
Believe Halwasiya's entry may lead to significant value creation over time as the bank delivers on its transformation agenda.
Skeptics of Halwasiya's move
Worry about the bank's recent poor performance and the risk of further losses.
- Bank's current share price
- ₹188.50
- Five-year share return
- 325%
- One-year share return
- -5.34%
- YTD share return
- -11.14%
- Market capitalisation
- ₹7,126.97 crore