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KDDL advances on hiking stake in Ethos to 72.55%

03 May 2016

KDDL is currently trading at Rs. 180.00, up by 0.70 points or 0.39% from its previous closing of Rs. 179.30 on the BSE.

The scrip opened at Rs. 179.00 and has touched a high and low of Rs. 184.70 and Rs. 179.00 respectively. So far 1,042 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 408.50 on 26-May-2015 and a 52 week low of Rs. 168.00 on 28-Apr-2016.

Last one week high and low of the scrip stood at Rs. 190.00 and Rs. 168.00 respectively. The current market cap of the company is Rs. 181.53 crore.

The promoters holding in the company stood at 47.61% while Institutions and Non-Institutions held 15.77% and 36.63% respectively.

KDDL has received an approval for investment of Rs 4 crore in Ethos, a subsidiary company by way of preferential allotment of 279,720 equity shares of Rs 10 each at a premium of Rs 133 per share as per valuation report obtained from the registered valuer. Post subscription and allotment, consolidated holding of company will increase from 72.01% to 72.55% on fully diluted basis. The board of directors at its meeting held on May 02, 2016 has approved for the same.

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


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355.00 11.70 (3.41%) Jun 22, 12:07
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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