KDDL has acquired 2,06,930 (20.69%) equity shares of Rs 10 each of ‘Kamla Tesio Dials’ (KTDL). Post the above acquisition, shareholding of the company has increased from 49.10 % to 69.79 % and by virtue of this acquisition, KTDL has become subsidiary of the Company. The acquisition will help the company to capture additional market share of customers in Domestic Market. Further, the Company proposes to acquire additional shareholding in KTDL upto 0.20% on or before December 31, 2021.
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.
