KDDL acquires 2.5 lakh equity shares in Ethos; Stock slumps 5%

Post the acquisition, consolidated shareholding of the company in Ethos Limited has increased from 75.08% to 76.45%.

Jun 18, 2021 01:06 IST India Infoline News Service

KDDL
KDDL Limited has acquired 2,50,000 fully paid equity shares of Rs10 each at a price of Rs200 per share from the existing shareholder of Ethos Limited, a material subsidiary of the company.

Post the above acquisition, the consolidated shareholding of KDDL Limited (directly and indirectly through its subsidiary, Mahen Distribution Limited) in Ethos Limited has increased from 75.08% to 76.45%.

At around 1.44 PM, KDDL Ltd was trading at Rs342.25 per piece down by Rs17.75 or 4.93% from its previous closing of Rs360 per piece on the BSE.

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