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The board of KDDL has approved an agreement for acquisition of Estima AG, Switzerland, through its subsidiary Pylania SA and special purpose vehicle Kamla International Holdings SA. The existing operations of Estima AG are manufacturing of watch hands, and its revenue stands at about CHF 2 million. The acquisition will be through cash at CHF 4,00,000. The acquisition will help the company capture additional market share of customers in the European market serviced by Estima, KDDL, which closed with a gain of 1.88 per cent at ₹489 on the NSE, said in a statement to the exchanges
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