KDDL Ltd Acquires 80% Stake in Subsidiary Artisan Watch Products for Rs. 2.4 Crores

KDDL Ltd has acquired an additional 24,00,000 equity shares of Rs. 10 each in its subsidiary, Artisan Watch Products Private Limited, for a total consideration of Rs. 2,40,00,000. This acquisition increases KDDL's stake in Artisan Watch Products to 80% from the previous 60%. Artisan Watch Products, incorporated on 19th March, 2025, is a subsidiary of KDDL Limited and is involved in watch products. The company has a registered office in Parwanoo, Himachal Pradesh, India. As of the date of the document, Artisan Watch Products' turnover was Rs. 3,61,000. The acquisition is at arm's length and does not require any governmental or regulatory approvals.