By way of allotment of 4.96 lakh equity shares on preferential basis to Mahen Distribution
KDDL announced that its subsidiary, Ethos, has raised funds by way of preferential allotment of 4,96,453 equity shares of Rs 10 each at a premium of Rs 131 per share totalling to Rs 6.99 crore to KDDL, being the promoter.Post allotment, consolidated holding of KDDL, directly and indirectly through its 100% subsidiary, Mahen Distribution, in Ethos will increase from 73.60% to 74.45% on fully diluted basis.
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