Corporate News     03-May-16
Board of KDDL approves investmento of Rs 4 cr in subsidiary - Ethos
At meeting held on 02 May 2016
KDDL announced that the Board of Directors of the Company at its meeting held on 02 May 2016, inter alia, has approved the following:

- Approved the Investment of Rs. 4 crore in Ethos, a subsidiary company by way of preferential allotment of 279720 equity shares of Rs. 10/- each at a premium of Rs. 133/- per share as per valuation report obtained from the registered valuer. Post subscription and allotment, consolidated holding of company will increase from 72.01% to 72.55% on fully diluted basis.

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