Ethos Ltd acquires 2.37% stake in subsidiary for ₹20.26 Cr

Ethos Ltd has acquired an additional 1,89,480 equity shares of its subsidiary, Ethos Lifestyle Private Limited (ELPL), from Mr. Pranav Shankar Saboo, a promoter and director, for approximately ₹20.26 crore. This transaction, conducted at ₹1,069 per share, increases Ethos Ltd's shareholding in ELPL from 75.05% to 77.42%, a 2.37% rise. The acquisition, a related party transaction executed on an arm's length basis, aims to consolidate the company's stake in ELPL, which spearheads the Group’s luxury lifestyle vertical and supports diversification beyond horology. This move is expected to enhance strategic alignment, streamline governance, and provide greater financial and operational flexibility for the subsidiary. ELPL, incorporated in February 2024, reported nil turnover as of March 31, 2025, and focuses on retail luxury lifestyle products and jewellery. Completion is anticipated by April 30, 2026.