KDDL has acquired 1,38,500 fully paid equity shares of Rs 10 each at a price of Rs 250 per share from the existing shareholders of Ethos. Post the said acquisition, consolidated shareholding of the company (directly and indirectly through its subsidiary, Mahen Distribution) in Ethos will increase from 73.56% to 74.32%.
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.
