Birla Financial to acquire stake in KSS Ltd
Birla Financial Distribution Pvt Ltd is acquiring 11 per cent stake in media firm KSS Ltd by converting the optionally convertible redeemable bonds as the Yash Birla Group company seeks to promote KSS. The company did not disclose the value of the transaction. Birla Capital had also agreed to divest stake in two of its subsidiaries Birla Gold and Precious Metals Pvt Ltd and Birla Financial Distribution. KSS, a listed company with a pan India presence through its units K Sera Sera Miniplex Ltd and K Sera Sera Digital Cinema Ltd. It engaged in the business of miniplexes, digital cinema, education, edutainment, online trading, project consultancy, international film distribution, general trading and investments in gold mines.