KDDL's Subsidiary Acquires Significant Stake in Swiss Watch Company Silvercity Brands AG
KDDL Limited's subsidiary, Mahen Distribution Limited, has acquired 874,000 partly paid-up equity shares of Silvercity Brands AG, a Swiss watch company, for CHF 2.86 per share, totaling approximately INR 25.00 crore. This acquisition gives KDDL a 93.07% stake in Silvercity Brands AG, strengthening its position in the luxury watch segment. Silvercity Brands AG focuses on intellectual property rights and license management in the watch industry.