KDDL’s arm raises funds for business expansion

22 Feb 2016

KDDL’s subsidiary - Ethos, India’s largest retailer of luxury watches, has raised funds by way of issue of equity shares on preferential allotment basis, totaling to Rs 2.99 crore from KDDL, being the promoter. The aforesaid funds raised by Ethos will be utilized for expansion of its business.

The equity shareholding of KDDL, directly and through its 100% subsidiary, in Ethos on conversion of the CCCPS on fully diluted basis will increase from 71.59% to 72.01%.

KDDL, formerly known as Kamla Dials and Devices, established in 1988 is a diverse company focusing on the business of Watches and Precision Engineering.

Related KDDL Ltd. Links:

KDDL Share Price

282.30 -1.75 (-0.62%) Mar 05, 18:59
1 Year Price Chart
Company Name CMP
Timex Group India 30.65
KDDL 282.30
View more..
Sensex vs KDDL
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323