KDDL has allotted 2,64,150 Zero Coupon Convertible Warrants of Rs 265 each convertible into one equity shares of Rs 10 each at a premium of Rs 255 per share as per terms of allotment and SEBI guidelines to Swades Capital LLC, a promoter group entity. The Committee for Preferential Issue of Zero Coupon Convertible Warrants-2016, at its meeting held on December 21, 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.
