Ethos Limited has informed the Exchange about Letter of Offer dated June 06, 2025, for Rights Issue of equity shares
ETHOSLTD · price
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Ethos Limited, a luxury watch retailer, has filed its Letter of Offer for a Rights Issue of up to 22,77,250 equity shares of ₹10 face value at a price of ₹1,800 per share (including a premium of ₹1,790). The total issue size aggregates up to ₹409.91 crores (assuming full subscription). Eligible shareholders can subscribe in the ratio of 4 Rights Equity Shares for every 43 fully paid-up shares held as on the record date of June 12, 2025. The issue opens on June 20, 2025 and closes on July 3, 2025, with listing expected around July 8, 2025. The promoters of the company are Yashovardhan Saboo, KDDL Limited, and Mahen Distribution Limited. Detailed use of proceeds will be outlined in the Objects of the Issue section of the Letter of Offer.
Eligible shareholders need to decide whether to subscribe to their rights entitlement by July 3, 2025, or let it lapse (potentially diluting their stake). The ₹410 crore capital raise will be used as per the Objects of the Issue, which could support business growth but will dilute holdings of shareholders who do not participate fully.