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KDDL announced that the Company's Material Subsidiary, Ethos, has raised funds amounting to Rs 4.99 crore by way of preferential allotment of 171,232 fully paid equity shares of Rs. 10 each at a premium of Rs. 282 per share to KDDL, holding Company.
Post the above allotment, consolidated shareholding of KDDL (directly and indirectly through its subsidiary, Mahen Distribution) in Ethos will increase from 72.26 % to 72.53 % on fully diluted basis.
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