Ethos Limited, a leading Indian luxury watch retailer headquartered in Himachal Pradesh, announced the issuance of equity shares through a rights issue on June 12, 2025. This move aims to bolster its capital structure and support future growth initiatives.
Ethos Limited, one of India’s premier luxury watch retail chains, announced a rights issue of equity shares on June 12, 2025. This corporate move is intended to raise additional capital to strengthen the company’s financial structure and fund expansion initiatives.
Headquartered in Solan, Himachal Pradesh, Ethos Ltd operates India’s largest chain of luxury watch boutiques, offering premium brands such as Rolex, Omega, Breitling, and TAG Heuer. The company is listed on the Bombay Stock Exchange (BSE) under code 543532.
The rights issue will allow existing shareholders to purchase additional shares of the company in proportion to their existing holdings. Ethos aims to use the capital to improve working capital efficiency, expand retail presence in key metro and tier-1 cities, and further its e-commerce operations.
The decision aligns with Ethos’ broader strategy to tap into India’s growing luxury retail market while maintaining a strong balance sheet. Investors are expected to receive further details on the ratio, price, and schedule of the rights issue in subsequent regulatory filings.
Ethos’ announcement comes amid a period of heightened activity in India’s stock market, with many companies also declaring dividends or launching fundraising initiatives.
