KDDL Acquires Additional Shares in Subsidiary Artisan Watch Products for ₹2.4 Crore
KDDL Limited has acquired an additional 24,00,000 equity shares of ₹10 each in its subsidiary, Artisan Watch Products Private Limited, through a rights issue. The total investment amounts to ₹2,40,00,...
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KDDL Limited (KDDL) is in the news due to the acquisition of additional shares in a subsidiary is a positive development for business expansion and control.
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KDDL Acquires Additional Shares in Subsidiary Artisan Watch Products for ₹2.4 Crore
December 31, 2025, 06:01 PM
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KDDL Limited has acquired an additional 24,00,000 equity shares of ₹10 each in its subsidiary, Artisan Watch Products Private Limited, through a rights issue. The total investment amounts to ₹2,40,00,000 (Rupees Two Crores Forty Lacs only).
Artisan Watch Products Private Limited was incorporated on March 19, 2025, and has its registered office in Chandigarh. The company operates in the watch products industry. Following this acquisition, KDDL Limited now holds 40,00,000 equity shares, representing 80% of the total shareholding in Artisan Watch Products Private Limited.
It is noted that Mr. Yashovardhan Saboo, a promoter of KDDL Limited, also holds a 20% shareholding in Artisan Watch Products Private Limited. The transaction has been conducted on an arm's length basis.
The acquisition is intended to support the business operations of KDDL Limited.
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