Ethos jumps on incorporating wholly owned subsidiary
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Ethos is currently trading at Rs. 2572.00, up by 57.25 points or 2.28% from its previous closing of Rs. 2514.75 on the BSE.
The scrip opened at Rs. 2564.90 and has touched a high and low of Rs. 2577.70 and Rs. 2532.50 respectively. So far 1859 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,577.70 on 05-Feb-2024 and a 52 week low of Rs. 918.00 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2,577.70 and Rs. 2440.15 respectively. The current market cap of the company is Rs. 6293.55 crore.
The promoters holding in the company stood at 57.89%, while Institutions and Non-Institutions held 22.57% and 19.54% respectively.
Ethos has incorporated its wholly owned subsidiary named as ‘RF Brands’. The Company owns 100% of the shareholding in the new entity viz. ‘RF Brands’. The cost of acquisition is Rs 1,00,00,000 as initial subscription in the form of equity share capital.
Ethos has the largest portfolio of premium and luxury watches in India and retails over 50 premium and luxury watch brands.
