KDDL has received an approval to raise funds up to Rs 30 crore by issue of Equity Shares through Preferential Issue/Qualified Institutional Placement (QIP)/combination thereof, on such price, terms & conditions and in such manner as the Board or any Committee thereof may its discretion, thinks fit. The Board of Directors of the company at their meeting held on June 11, 2018, approved the same.
The Board has also given approval to Ethos, a material subsidiary of the company, to raise funds up to Rs 50 crore by issue of Equity Shares through Preferential Allotment subject to necessary approvals and in accordance with applicable laws.
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.
