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KDDL rises on acquiring stake in ‘Mahen Distribution’
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KDDL is currently trading at Rs. 980.50, up by 15.30 points or 1.59 % from its previous closing of Rs. 965.20 on the BSE.
The scrip opened at Rs. 976.25 and has touched a high and low of Rs. 998.90 and Rs. 976.25 respectively. So far 255 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1189.60 on 03-Feb-2022 and a 52 week low of Rs. 250.00 on 05-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1015.25 and Rs. 916.35 respectively. The current market cap of the company is Rs. 1260.97 crore.
The promoters holding in the company stood at 46.87%, while Institutions and Non-Institutions held 28.39% and 24.74% respectively.
KDDL has acquired 77,000 (1.28%) equity shares of Rs 10 each of ‘Mahen Distribution’ (MDL), subsidiary of the company. Post the above acquisition, MDL has become wholly owned subsidiary of the company. Mahen Distribution is engaged in the business of distribution of watches and manpower placement services.
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.
