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KDDL Limited ( (IN:KDDL) ) has provided an announcement.
KDDL Limited has increased its stake in its subsidiary, Artisan Watch Products Private Limited, by subscribing in cash to 2.4 million equity shares at par value via a rights issue, investing Rs 2.4 crore. Following this transaction, KDDL now holds 4 million shares, representing 80% of Artisan’s equity, thereby strengthening its control over the recently incorporated watch products unit and supporting its business operations and strategic positioning within the watch manufacturing value chain.
More about KDDL Limited
KDDL Limited operates in the watch products industry, with activities spanning watch components and related manufacturing. Through its subsidiaries, including Artisan Watch Products Private Limited, the company is expanding its presence in specialized watch product segments from its base in Chandigarh, India.
Average Trading Volume: 754
Technical Sentiment Signal: Hold
Current Market Cap: 29.26B INR
For an in-depth examination of KDDL stock, go to TipRanks’ Overview page.