KDDL surges as its arm acquires equity shares in Silvercity Brands AG
KDDL is currently trading at Rs. 3063.15, up by 79.05 points or 2.65% from its previous closing of Rs. 2984.10 on the BSE.
The scrip opened at Rs. 3014.50 and has touched a high and low of Rs. 3108.65 and Rs. 3014.40 respectively. So far 171 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3801.50 on 13-Sep-2024 and a 52 week low of Rs. 2048.60 on 14-Feb-2025.
Last one week high and low of the scrip stood at Rs. 3108.65 and Rs. 2827.10 respectively. The current market cap of the company is Rs. 3769.11 crore.
The promoters holding in the company stood at 50.43%, while Institutions and Non-Institutions held 11.16% and 38.42% respectively.
KDDL’s wholly owned subsidiary -- Mahen Distribution has acquired 8,74,000 partly paid up equity shares of CHF 1 each of Silvercity Brands AG. The objective of acquisition is to invest in or create brands; to manufacture and trade in watches and other luxury products; to make investments and other actions supporting the main objects.
KDDL engages in the manufacture and trade of watches and its components in India, Switzerland, and Hong Kong.
