Hot Pursuit     05-Sep-23
Ethos gains after board OKs Rs 250 cr fund raising proposal
Ethos rose 1.35% to Rs 1,650.75 after the company's board approved to raise 250 crore by issuing equity and debt instruments
The company will raise the funds by way of inter alia, issue of equity shares or any other equity linked instruments or securities, including convertible preference shares/ fully or partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares, or any other eligible securities through inter alia, a private placement or through one or more qualified institutions placements (QIP's) or further public issue of equity or debt securities, preferential issue or a rights issue or through any other permissible mode.

Ethos is a business consists of trading of watches, accessories and luxury items and rendering of related after sale services.

The company's consolidated net profit jumped 41.9% to Rs 18.16 crore in Q1 FY24 as compared with Rs 12.80 crore in Q1 FY23. Net sales increased 32.5% YoY to Rs 230.02 crore in Q1 FY24 .

Previous News
  Ethos enters into exclusive retail partnership with German-brand Tutima
 ( Corporate News - 09-Dec-22   09:09 )
  Ethos consolidated net profit rises 58.36% in the March 2024 quarter
 ( Results - Announcements 13-May-24   15:22 )
  Ethos consolidated net profit rises 37.09% in the September 2023 quarter
 ( Results - Announcements 15-Nov-23   07:41 )
  Ethos inks exclusive retail partnership deal with German brand Tutima
 ( Hot Pursuit - 09-Dec-22   12:00 )
  Ethos consolidated net profit rises 1423.81% in the June 2022 quarter
 ( Results - Announcements 26-Jul-22   18:13 )
  Ethos to launch Laurent Ferrier brand of Swiss watches
 ( Corporate News - 20-Apr-23   14:35 )
  Ethos to hold board meeting
 ( Corporate News - 07-Nov-23   12:02 )
  Ethos enters into exclusive retail partnership with Swiss watch brand - NORQAIN
 ( Corporate News - 06-Jun-22   09:31 )
  KDDL provides update on subsidiary - Ethos
 ( Corporate News - 06-Apr-17   19:36 )
  Ethos consolidated net profit rises 41.88% in the June 2023 quarter
 ( Results - Announcements 05-Aug-23   15:56 )
  Ethos standalone net profit rises 67.78% in the March 2023 quarter
 ( Results - Announcements 13-May-23   07:37 )
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