KDDL hikes stake in Ethos to 72.55%

03 May 2016

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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