/ KDDL jumps with arm raising Rs 11.99 crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 26 July 2018

KDDL is currently trading at Rs. 499.00, up by 16.00 points or 3.31% from its previous closing of Rs. 483.00 on the BSE.The scrip opened at Rs. 507.15 and has touched a high and low of Rs. 507.15 and Rs. 482.05 respectively. So far 366 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 621.00 on 30-Apr-2018 and a 52 week low of Rs. 176.00 on 29-Aug-2017.Last one week high and low of the scrip stood at Rs. 507.15 and Rs. 482.05 respectively. The current market cap of the company is Rs. 559.79 crore.

The promoters holding in the company stood at 28.24%, while Institutions and Non-Institutions held 32.06% and 39.70% respectively.KDDL’s Material Subsidiary -- Ethos has raised funds amounting to Rs 11,99,99,890, by way of preferential allotment of 821,917 party paid up equity shares of Rs 10 each at a premium of Rs 282 per share to non- promoter group. The balance fifty percent amount is expected to be received by December 05, 2018.

Post the above allotment, consolidated shareholding of KDDL (directly and indirectly through its subsidiary, Mahen Distribution) in Ethos has decreased from 75.86% to 72.26% on fully diluted basis.
KDDL is a diverse company focusing on luxury Retail Watches and precision Engineering. It has established India’s largest retail chain for premium and luxury watches- Ethos and SUMMIT.

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