Saturday , October 23 2021

KDDL’s arm raises funds worth Rs 4.99 crore

KDDL’s Material Subsidiary, Ethos has raised funds amounting to Rs 4.99 crore by way of preferential allotment of 171,232 fully paid equity shares of Rs 10 each at a premium of Rs 282 per share to KDDL, holding company.

Post the said allotment, consolidated shareholding of KDDL (directly and indirectly through its subsidiary, Mahen Distribution) in Ethos has increased from 72.53% to 72.73% on fully diluted basis.

KDDL is a diverse company focusing on luxury Retail Watches and precision Engineering. It has established India’s largest retail chain for premium and luxury watches- Ethos and SUMMIT.

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