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People walk in front of the exhibition stand of Swiss watch manufacturer Corum at Baselworld fair in Basel April 25, 2013 (representational image).Reuters file

Ethos, the watch-retailing arm of watch component maker KDDL, will be selling Corum watches, for which it signed an agreement with the Swiss watch manufacturing company.

The watches will be sold exclusively by Ethos, business news channel CNBC-TV18 quoted Yashovardhan Saboo, VC & CEO of KDDL as saying.

KDDL will be announcing its September quarter (Q2) results on Saturday (November 12). 

The stock closed at Rs 253 on the Bombay Stock Exchange (BSE), almost flat to its previous day's close. 

KDDL shares lost heavily on Wednesday in response to news of the de-monetization of high currency notes by the Narenda Modi government. The stock lost 8.96 percent to end at Rs 254 from its Tuesday closing of Rs 279. 

The BSE Sensex gained 265 points to close at 27,517.