Ethos Limited has informed the Exchange about acquisition of shares in FICUS TRADING LLC, Wholly Owned Subsidiary Company
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Ethos Limited has acquired 300 equity shares of AED 1,000 each in FICUS TRADING LLC, a newly incorporated entity in Dubai, UAE, for a total consideration of AED 300,000 (approximately ₹68-70 lakhs) paid in cash. The acquisition gives Ethos 100% ownership of the subsidiary, which will engage in trading of watches, clocks, and spare parts. FICUS TRADING LLC was incorporated on April 17, 2025, and this is a continuation of the company's earlier disclosure dated April 18, 2025. The transaction is classified as a related party transaction since the entity is a subsidiary, though promoters have no direct interest in it. The deal was completed on June 16, 2025, and no regulatory approvals were required.
This is a modest capital infusion aimed at establishing Ethos's footprint in the Middle East (UAE) market, aligned with its core watch retail business. The financial impact is negligible given the small size, but it signals the company's international expansion intent, which could be positive for long-term growth if the Middle East foray gains traction.