Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 January, 2022 16:04 IST
KDDL acquires additional 20.69% stake in Kamla Tesio Dials
Source: IRIS | 24 Nov, 2021, 06.06PM
Rating: NAN / 5 stars.
Comments  |  Post Comment


KDDL is engaged in the manufacture of watch components, high quality precision stamped components and progressive tools for a wide range of engineering applications, has acquired 2,06,930 (20.69%) equity shares of Rs 10 each of 'Kamla Tesio Dials' (KTDL).

Post the above acquisition, shareholding of the company has increased from 49.10 % to 69.79 % and by virtue of this acquisition, KTDL has become subsidiary of the Company.

The acquisition will help the company to capture additional market share of customers in Domestic Market. Further, the Company proposes to acquire additional shareholding in KTDL upto 0.20% on or before December 31, 2021.

Shares of the company gained Rs 11.60, or 1.81%, to settle  at  Rs 651.95.  The total volume of shares traded  was  4,818 at  the BSE (Wednesday).




 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
ICICI Bank: Leadership position to strengthen; Tech capabilities to drive sustainable growth - 18-Jan-2022 14:36
UltraTech Cement Q3FY22 Review - Outlook positive; Hold - 18-Jan-2022 14:23
VA Tech Wabag secures order worth USD 100 mn in Dubai - 17-Jan-2022 19:43
Glenmark Pharmaceuticals arm gets tentative approval for Regadenoson Injection - 17-Jan-2022 19:16
HDFC Bank Q3FY22 Review-Credit growth improved; Restructured assets at 1.37% vs 1.5% - 17-Jan-2022 17:25
HCL Technologies Q3FY22 Review- Margins to improve gradually - 17-Jan-2022 17:15
HDFC Bank: Earnings in line; Balance Sheet strengthens further - 17-Jan-2022 16:52
Renaissance Global partners with National Football League - 17-Jan-2022 11:26
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer