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KDDL’s arm raises funds by way of preferential allotment of equity shares

29 Sep 2017 Evaluate

KDDL’s subsidiary- Ethos has raised funds by way of preferential allotment of 496,453 equity shares of Rs 10 each at a premium of Rs 131 per share (as per valuation report obtained from the registered valuer) totalling to Rs 7 crore to the company, being the promoter.

Post subscription and allotment, consolidated holding of KDDL, directly and indirectly through its' 100% subsidiary, Mahen Distribution, in Ethos will increase from 73.60% to 74.45% on fully diluted basis.

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

2382.00 -1.15 (-0.05%)
07-May-2026 09:49 View Price Chart
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