KDDL Ltd subscribes for Preferential Allotment of Subsidiary Company, Ethos Limited

KDDL Ltd has subscribed in 3,00,000 12% Redeemable preference shares of Rs. 100/- each having a tenure of one year, totalling to Rs. 3,00,00,000/- (Rupees Three Crores only) in its' subsidiary. Ethos Limited by way of preferential allotment and post allotment of these shares, there shall be no change in the total number of shares on a fully diluted basis (i.e. including equity shares and conversion of all Cumulative Compulsorily Convertible preference shares) issued by the Ethos Ltd. which shall be 14,313,454 shares and the consolidated holding of KDDL Limited, directly and indirectly through its' 100% subsidiary, Mahen Distribution Ltd shall remain at 72.55% on fully diluted basis.

Shares of KDDL LTD. was last trading in BSE at Rs.221.5 as compared to the previous close of Rs. 222.15. The total number of shares traded during the day was 437 in over 34 trades.

The stock hit an intraday high of Rs. 226 and intraday low of 221.5. The net turnover during the day was Rs. 98192.

Source : Equity Bulls

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