KDDL to invest up to Rs 7 crore into its subsidiary

KDDL Ltd. | Watches & Accessories | Consumer Durables | BSE: 532054 | NSE: KDDL

15 Sep 2017 Evaluate

KDDL has received an approval for investment up to Rs 7 crore in Equity share capital of subsidiary company, Ethos at the rate of Rs 141 per share (including premium of Rs 131 per share as per the valuation report) either in one or more tranches. The Board of Directors of the company at its meeting held on September 14, 2017 has approved the same.

KDDL is a diverse company focusing on luxury Retail Watches and precision Engineering. It has established India’s largest retail chain for premium and luxury watches- Ethos and SUMMIT.

Peers

Company Name	CMP
KDDL	3897.60
Timex Group India	631.65
M&I Watches
Sonam
Opal Luxury Time
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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