PE-backed watch component maker KDDL looking to demerge retail arm

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Chandigarh-based KDDL Ltd, which makes and supplies watch components, is planning to demerge its luxury watch retailing business, a person privy to the development told VCCircle.KDDL, earlier known as Kamla Dials and Devices Ltd, has decided to separate its subsidiary Ethos, one of India’s largest chains of luxury watch stores.“Ethos ......