KDDL has acquired 2,50,000 fully paid equity shares of Rs 10 each at a price of Rs 200 per share from the existing shareholder of Ethos. Post the above acquisition, consolidated shareholding of KDDL (directly and indirectly through its subsidiary, Mahen Distribution) in Ethos has increased from 75.08% to 76.45%.
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.