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KDDL acquires stake in KTDL

22 Dec 2021 Evaluate

KDDL has acquired 2,000 (0.20%) equity shares of Rs 10 each of ‘Kamla Tesio Dials’ (KTDL), subsidiary of the company. Post the acquisition, shareholding of the company has increased from 69.79 % to 69.99%. The acquisition will help the company to capture additional market share of customers in domestic market.

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.

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