04 September 2023, Mumbai
Share Acquisition Details
Kewal Kiran Clothing Limited (KKCL) has undertaken a subscription to acquire additional shares from its wholly-owned subsidiary, K-Lounge Lifestyle Limited (KLL).
The subscription involves 30,00,000 equity shares, each with a face value of Rs. 10/- (Rupees Ten Only).
The total consideration for the share acquisition is Rs. 3,00,00,000/- (Rupees Three Crore only).
Purpose of Share Acquisition
The primary purpose of the share acquisition is to direct resources toward the continued growth and improvement of KLL's retail business.
KLL has yet to initiate its operations in the retail sector, but KKCL is confident that the company has the potential to become a major player in the market.
Author’s Posts
-
Crocs expands in Kerala with maiden store launch in Kochi
04 November 2024, Mumbai
Footwear brand Crocs has expanded its retail footprint in Kerala by...
Nov 04, 2024
-
Ethnic wear startup Suta targets Rs 90 crore revenues in current fiscal
04 November 2024, Mumbai
Ethnic wear startup
Babyshop launches maiden India store in Noida
04 November 2024, Mumbai
Introducing an extensive collection of products for babies, toddler...
Nov 04, 2024
-
Walmart India’s FY24 revenues rise by 4% to Rs 5, 200 crore
04 November 2024, Mumbai
Walmart India’s revenues increased by 4 per cent to Rs 5,200 cror...
Nov 04, 2024
-
Decathlon plans €100 million investment in India
02 November 2024, Mumbai
Latest Publications
