Ethos Tightens Grip on Ficus Trading with Fresh Equity Buy

Ethos Ltd, India’s leading luxury watch retailer, has acquired 300 equity shares of Ficus Trading LLC, reinforcing its full ownership of the Dubai-based subsidiary. The move is part of Ethos’s broader strategy to strengthen its international footprint and streamline operations across key global markets.

 

Key Highlights:

 

Wholly Owned Subsidiary: With this acquisition, Ficus Trading LLC remains a 100% subsidiary of Ethos Ltd, ensuring tighter control over overseas operations and brand alignment.
 

Strategic Location: Ficus Trading, based in Dubai, plays a key role in Ethos’s international sourcing and distribution network, especially for high-end timepieces and accessories.
 

Regulatory Filing: The transaction was disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, signaling transparency and compliance with corporate governance norms.
 

No Change in Control: Ethos clarified that the acquisition does not alter the shareholding structure significantly, as Ficus was already a wholly owned unit.
 

Growth Outlook: The move aligns with Ethos’s expansion plans, which include tapping into affluent markets in the Middle East and leveraging Dubai’s position as a luxury retail hub.

 

While the number of shares acquired may seem modest, the transaction reflects Ethos’s intent to consolidate its global operations and maintain a firm grip on its international subsidiaries.

 

Sources: Rediff Money, Trendlyne.