KDDL has informed that the Company’s subsidiary, Ethos Ltd, India’s largest retailer of luxury watches, is proposing to raise funds by way of accepting/renewing deposits from its shareholders after complying with the provisions of section 73 of the Companies Act, 2013 read with rules made there under. In this regard, Ethos Limited has obtained credit rating from CRISIL for Rs 128.7 million Fixed Deposits. CRISIL Limited has assigned its ‘FA-/Stable’ (pronounced as F A minus rating with Stable Outlook) rating which indicates that the degree of safety regarding timely payment of interest and principal is satisfactory.
The above information is a part of company’s filings submitted to BSE.
