KDDL’s arm sells stake in Ethos

25 May 2024 Evaluate

KDDL’s wholly owned subsidiary -- Mahen Distribution (MDL) has sold 1,90,724 equity shares of Rs 10 each of Ethos (material subsidiary of the Company) through open market and post this sale of shares, consolidated shareholding of KDDL (directly and indirectly through its subsidiary, MDL) in Ethos has reduced from 53.83% to 53.05% on a fully diluted basis. Consideration received from such sale/disposal is Rs 45.61 crore.  

KDDL engages in the manufacture and trade of watches and its components in India, Switzerland, and Hong Kong.


KDDL Share Price

2685.95 13.55 (0.51%)
14-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Timex Group India 140.00
KDDL 2685.95
M&I Watches
Opal Luxury Time
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