Quant Mutual Fund Acquires 2.6% Stake in Ethos Through Block Deal

Luxury watch retailer

remained in focus after Quant Mutual Fund acquired a 2.6% stake in the company through an open market transaction on July 10. The deal was valued at approximately ₹175 crore, highlighting institutional interest in the premium watch retail segment. Despite the significant stake purchase, Ethos shares ended the session on a subdued note. The stock declined 1.94% to close at ₹2,477.50 on the National Stock Exchange. Ethos is among India’s leading luxury watch retailers, representing several global premium brands across its retail network. The latest transaction underscores continued activity by institutional investors in consumer-facing businesses with exposure to the luxury and premium consumption space. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.