The proposed venture envisages the establishment of a suitable entity and manufacturing facility in South Africa for the manufacture, processing, testing, packaging, marketing and supply of male condoms and related products.

Under the proposed structure, Cupid is expected to hold up to 49% of the equity share capital, while the South African partner and/or its qualifying local shareholders would hold at least 51% and retain control, in line with
applicable South African ownership, localisation, transformation, procurement and tender requirements.

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First Published: Aug 28 2026 | 7:31 PM IST

Source: Read the original article on www.business-standard.com