Ethos Limited has informed the Exchange about Acquisition of shares in Silvercity Brands AG,associate body corporate of the Company
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Ethos Limited has acquired 1,73,000 equity shares of CHF 1 each in Silvercity Brands AG, its Switzerland-based associate company, for a total consideration of CHF 494,780 (approximately ₹4.7-5 crore) at CHF 2.86 per share. Despite the additional purchase, Ethos's shareholding in Silvercity actually dipped slightly from 34.39% to 33.88%, suggesting Silvercity issued more shares to other parties at the same time. Silvercity Brands AG is a watch industry company incorporated in Switzerland in March 2023, with a turnover of CHF 12.97 lakh as of March 31, 2025. The acquisition was completed on May 13, 2025, on an arm's length basis with cash consideration paid via online banking.
This is a minor top-up investment in an existing associate company, not a transformational deal. The slight dip in percentage holding despite buying more shares is worth noting — it means Silvercity raised capital from new investors alongside Ethos. Watch industry exposure continues but the financial impact on Ethos is small given the modest size of Silvercity.