Mahen Distribution Ltd becomes 100% subsidiary of KDDL Limited

KDDL Limited has acquired 77,000 (1.28%) equity shares of Rs. 10 each of "Mahen Distribution Limited" (MDL), subsidiary of the Company at a price of Rs. 309 per equity share. Post the above acquisition, MDL has become wholly owned subsidiary of the Company.

Mahen Distribution Limited is engaged in the business of distribution of watches and manpower placement services.

The object of the acquisition is to make MDL wholly owned subsidiary of the Company.

Shares of KDDL Limited was last trading in BSE at Rs. 965.20 as compared to the previous close of Rs. 999.30. The total number of shares traded during the day was 490 in over 138 trades.

The stock hit an intraday high of Rs. 1015.25 and intraday low of 959.50. The net turnover during the day was Rs. 481569.00.

Source : Equity Bulls

Keywords

KDDL INE291D01011 StakeAcquisition MahenDistribution Subsidiary