Ethos Limited has informed the Exchange about Acquisition of shares in Ethos Lifestyle Private Limited, subsidiary of the Company
ETHOSLTD · price
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Ethos Limited has acquired 1,89,480 additional equity shares of its subsidiary, Ethos Lifestyle Private Limited (ELPL), from promoter and director Mr. Pranav Shankar Saboo for approximately ₹20.26 crore (₹1,069 per share) in cash. This raises Ethos Limited's stake in ELPL from 75.05% to 77.42%, a 2.37% increase. The transaction qualifies as a related party transaction but has been carried out at arm's length. ELPL, incorporated in February 2024, is in the luxury lifestyle and fashion space with a paid-up capital of about ₹8 crore and reported nil turnover as of March 31, 2025. The company said the move is aimed at consolidating its shareholding, supporting its strategy to diversify beyond horology into global luxury brands, and improving governance and operational flexibility at the subsidiary level.
Minor positive for shareholders — the company is consolidating control over a key subsidiary that anchors its luxury lifestyle expansion plans, though ELPL currently generates no revenue, so the near-term financial impact is limited. Promoter is reducing personal exposure to the subsidiary in favour of the listed entity.