Hot Pursuit     02-Dec-20
KDDL hikes stake in Ethos to 75.08%
The company has acquired 50,000 fully paid equity shares of Rs 10 each at Rs 250 per share from the existing shareholder of Ethos.
Post the above acquisition, consolidated shareholding of KDDL (directly and indirectly through its subsidiary, Mahen Distribution) in Ethos has increased from 74.80% to 75.08%, KDDL said in a statement on Tuesday.

KDDL is an engineering company engaged in the manufacture of watch components, precision stamped components and progressive tools for various applications.

On a consolidated basis, KDDL's net profit stood at Rs 2.86 crore in Q2 September 2020 as against a consolidated net loss of Rs 67 lakhs posted in Q2 September 2019. Net sales fell 12% year on year to Rs 139.41 crore in Q2 September 2020.

Shares of KDDL jumped 6.32% to Rs 186 on Tuesday.

Previous News
  KDDL to discuss results
 ( Corporate News - 09-Nov-21   17:08 )
  Board of Ethos allots 32,250 equity shares under ESOP
 ( Corporate News - 11-Aug-21   12:42 )
  Ethos subsidiary raises funds to KDDL
 ( Corporate News - 08-May-19   16:18 )
  KDDL standalone net profit declines 1.23% in the September 2016 quarter
 ( Results - Announcements 14-Nov-16   15:49 )
  KDDL reports consolidated net loss of Rs 0.67 crore in the September 2019 quarter
 ( Results - Announcements 08-Nov-19   16:44 )
  KDDL to declare Quarterly Result
 ( Corporate News - 24-Jan-22   16:12 )
  KDDL receives reaffirmation in credit ratings from ICRA
 ( Corporate News - 09-Jan-20   09:18 )
  KDDL to convene board meeting
 ( Corporate News - 07-Feb-19   11:53 )
  KDDL to hold board meeting
 ( Corporate News - 18-Mar-21   10:02 )
  KDDL infuses Rs 10.99 cr in Ethos
 ( Corporate News - 15-Jul-19   11:43 )
  KDDL reports consolidated net loss of Rs 1.34 crore in the March 2017 quarter
 ( Results - Announcements 01-Jun-17   16:52 )
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