Kewal Kiran Clothing has subscribed to further shares issued by K-Lounge Lifestyle -- wholly owned subsidiary of the company through right issue being 30,00,000 Equity Shares of face value Rs 10 each for a consideration of Rs 3 crore. The intent of subscription of additional shares by way of rights issue is to focus on further development and enhancement of retail business.
Kewal Kiran Clothing (KKCL) is an apparel manufacturer dealing in apparel for both men and women.