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KDDL’s arm sells stake in Ethos
Dec-11-2023

KDDL’s wholly owned subsidiary -- Mahen Distribution (KDDL) has sold 550,166 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, Mahen Distribution) in Ethos has reduced from 58.25% to 56% on a fully diluted basis. 

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

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