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Business Economy


KDDL Ltd to acquire Estima AG

KDDL Ltd to acquire Estima AG

Mumbai, Dec 11 (UNI) KDDL Limited said that its Board of Directors of Company at its meeting held on December 10, 2018 has approved an agreement for acquisition of a Swiss Watch Hands manufacturing

Company named "Estima AG", Allerheiligenstrasse 30, 2540 Grenchen, Switzerland through its subsidiaries "Pylania SA" and special purpose vehicle "Kamla International Holdings SA".

The Target Company acquisition will help the Company to capture additional market share of customers in European market serviced by Estima.

The cost of acquisition will be Cash CHF 4,00,000 for 100 percent Shares.

The existing operations of Estima AG, Switzerland are Watch Hands manufacturing and revenue is in the range of CHF 2 million.

Estima was a competitor of the Company in the business of watch hands manufacturing.

Estima was established as a maker of watch hands in Switzerland in 1924. It was a leading supplier to Swiss and other European watch brands in the mid-priced segment and enjoyed an excellent reputation. However, over last 10 years, it was unable to keep up with market changes and lost market share leading to declining

turnover and mounting losses.

UNI JS SY 1258

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India calls for affordable access to medicines, easier movement of health specialists across borders

31 Mar 2020 | 12:42 PM

New Delhi, Mar 31 (UNI) India has called for working towards creating a global framework for further enhancing affordable access to medicines for fighting pandemics and facilitating easier movement of health professionals across national borders.

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Over 280 units in SEZs, manufacturing pharmaceuticals, hospital devices operational

31 Mar 2020 | 12:17 PM

New Delhi, Mar 31 (UNI) More than 280 SEZ units, engaged in manufacturing of essential items like pharmaceuticals and hospital devices, are operational during the complete lockdown in the country to curb the spread of Covid-19.

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Sensex rebounds by 551 pts

Sensex rebounds by 551 pts

31 Mar 2020 | 10:28 AM

Mumbai, Mar 31 (UNI) Snapping a losing streak of last two sessions the Bombay Stock Exchange (BSE) on Tuesday bounced by 551 pts to open at 28,991 trackings.

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Rupee recovers by 12 paise against USD

31 Mar 2020 | 10:26 AM

Mumbai, Mar 31, (UNI) Rupee on Tuesday recovered by 12 paise to 75.49 in early trade against the Greenback on fresh selling of US Dollars by bankers and exporters, dealers at the forex market said.

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Sensex rebounds by 551 pts

Sensex rebounds by 551 pts

31 Mar 2020 | 10:22 AM

Mumbai, Mar 31 (UNI) Snapping a losing streak of last two sessions the Bombay Stock Exchange (BSE) on Tuesday bounced by 551 pts to open at 28,991 trackings.

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