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KDDL to invest up to Rs 7 crore into its subsidiary

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.

KDDL Share Price

2341.95 -24.70 (-1.04%)
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