Pranav Shankar Saboo of the KDDL Limited Promoter Group sold 2,46,000 shares worth ₹89.81 Cr at ₹3650.81 apiece via a market sale, decreasing his stake from 6.22% to 4.22%. This transaction caused his shareholding to fall below the 5% disclosure threshold.
A precision engineering manufacturer incorporated in 1981, KDDL produces watch components including dials, hands, and other precision-engineered goods for the global timepiece industry. Operating under the Eigen brand, the company specializes in manufacturing high-precision components that serve major watch manufacturers worldwide. The company distinguishes itself through its deep expertise in precision engineering and several decades of established experience in the specialized watch component sector.
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