KDDL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 02, 2016, inter alia, has approved the following:
- Approved the Investment of Rs. 4 crores in Ethos Limited, a subsidiary company by way of preferential allotment of 279720 equity shares of Rs. 10/- each at a premium of Rs. 133/- per share as per valuation report obtained from the registered valuer. Post subscription and allotment, consolidated holding of company will increase from 72.01% to 72.55% on fully diluted basis.
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