Ethos moves up on acquiring stake in Ficus Trading LLC
Ethos is currently trading at Rs. 2980.00, up by 13.30 points or 0.45% from its previous closing of Rs. 2966.70 on the BSE.
The scrip opened at Rs. 2966.00 and has touched a high and low of Rs. 2980.00 and Rs. 2949.75 respectively. So far 319 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3395.35 on 24-Sep-2024 and a 52 week low of Rs. 1896.69 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 3015.55 and Rs. 2801.10 respectively. The current market cap of the company is Rs. 8522.37 crore.
The promoters holding in the company stood at 50.58%, while Institutions and Non-Institutions held 30.41% and 19.01% respectively.
Ethos has acquired 300 equity shares of AED 1000 each of Ficus Trading LLC, subsidiary of the company as initial paid-up capital towards subscription of MOA. The objective of acquisition is to expand the company’s presence in international markets, particularly in the Middle East region. The business is aligned with the main line of business of the company.
Ethos is the largest luxury and premium watch retailer in India, operating on an omnichannel model and allows customers to order products either offline or online.
