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KDDL soars on getting nod to invest up to Rs 7 crore into its subsidiary

15 Sep 2017 Evaluate

KDDL is currently trading at Rs. 195.00, up by 4.20 points or 2.20% from its previous closing of Rs. 190.80 on the BSE.

The scrip opened at Rs. 195.00 and has touched a high and low of Rs. 195.00 and Rs. 195.00 respectively. So far 200 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 287.70 on 08-Nov-2016 and a 52 week low of Rs. 171.90 on 28-Mar-2017.

Last one week high and low of the scrip stood at Rs. 195.00 and Rs. 183.00 respectively. The current market cap of the company is Rs. 211.37 crore.

The promoters holding in the company stood at 44.85%, while institutions and non-institutions held 15.15% and 40.00% respectively.

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

2383.15 16.50 (0.70%)
06-May-2026 16:59 View Price Chart
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