KDDL of ₹88 crores approved by the board of directors at the meeting was held on July 9, 2024. KDDL will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price of ₹3700 per Equity Share and for an aggregate amount not exceeding ₹88 crores from the shareholders. Check out KDDL Buyback 2024 details below:
KDDL, a leading Indian manufacturer of watch components and precision stamped components, operates India’s largest luxury watch retail chain and has expanded globally through subsidiaries like Ethos Limited, Pylania SA, Mahen Distribution Ltd, Estima, and Kamla International Holdings. Since 1983, KDDL has achieved milestones including establishing ETHOS for luxury watch retail in 2003 and acquiring a Swiss watch hand factory in 2019. The company remains dedicated to quality, innovation, and customer satisfaction in precision engineering and luxury retail.
KDDL History
- N/A
KDDL Buyback 2024 Dates
| Buyback Meeting Date: | July 9, 2024 |
| Buyback Announcement Date: | July 9, 2024 |
| Buyback Record Date: | August 27, 2024 |
| Last Date to Buy Shares: | August 26, 2024 |
| Buyback Open Date: | September 2, 2024 |
| Buyback Close Date: | September 6, 2024 |
| Finalization of Buyback Acceptance: | September 12, 2024 |
KDDL Buyback 2024 Offer Details
KDDL of 2,37,837 equity shares at a price of ₹3700 per equity share. The buyback offers not to exceed ₹88 crores of the total buyback offer size.
| Offer Amount: | ₹88 Crores |
| Number of Shares: | 2,37,837 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹3700 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
KDDL Buyback 2024 Acceptance Ratio
The investor should buy around 54 shares at a current market price of ₹3322 (as of date). The calculation will be ₹2,00,000 / ₹3700 buyback price = 54 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹180630 | 18 | ₹6390 |
| 50% | ₹180630 | 27 | ₹9585 |
| 75% | ₹180630 | 40 | ₹14200 |
| 100% | ₹180630 | 54 | ₹19170 |
KDDL Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹223.47 | ₹196.98 | ₹20.61 |
| 2023 | ₹363.61 | ₹274.37 | ₹69.23 |
| 2024 | ₹553.70 | ₹299.67 | ₹220.06 |
How to Participate in KDDL Buyback 2024
The investors are eligible for the buyback scheme who have KDDL shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the KDDL Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the KDDLepted shares by the company under the KDDL scheme.
KDDL Buyback 2024 Registrar
Mas Services Limited
T – 34, 2nd Floor
Okhla Industrial Area, Phase – II
New Delhi – 110 020
Phone: (011) 2610 4142
Email: [email protected]
Website: https://www.masserv.com/opt.asp
KDDL Buyback 2024 Lead Managers
- Iti Capital Ltd
KDDL Company Address
KDDL Limited
Kamla Centre,
SCO 88-89, Sector 8-C
Chandigarh – 160009
Phone: +91 172 2548223
Email: [email protected]
Website: https://www.kddl.com/
How to Apply the KDDL through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “KDDL”. Click on Place Order. Enter your Quantity and submit KDDL Application Form.
How to Apply the KDDL through Upstox?
Log in to Upstox Application with your credentials. Select the KDDL. You will see the Company Name “KDDL”. Click on KDDL Stock for Buyback. Enter your Quantity and submit KDDL Application Form.
How to Apply the KDDL through KDDL Paytm Money?
Log in to Paytm Money Application with your credentials. Select the KDDL. Enter your Quantity and submit KDDL Application Form.
