Ethos secures ratings for proposed FD scheme from CRISIL
KDDL announced that the Company's subsidiary, Ethos, India's largest retailer of luxury watches, is proposing to raise funds by way of accepting/renewing deposits from its shareholders after complying with the provisions of section 73 of the Companies Act, 2013 read with rules made thereunder.In this regard, Ethos has obtained credit rating from CRISIL for Rs. 128.7 million Fixed Deposits Scheme. CRISIL has assigned its "FA-/Stable" (pronounced as F A minus rating with Stable Outlook) rating which indicates that the degree of safety regarding timely payment of interest and principal is satisfactory.
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