PDS Multinational in an investment agreement with Loop Digital Wardrobe; Stock slips near 1%

LOOP Digital Wardrobe – is a sustainability and marketing solution that empowers the newest technology to have a positive impact on environmental and business performance.

Oct 28, 2021 12:10 IST India Infoline News Service

PDS Multinational Fashions-led subsidiary, Smart Notch Industrial, incorporated and registered in Hong Kong, has entered into an Investment Agreement with Loop Digital Wardrobe, a Company incorporated and registered in England and Wales.

LOOP Digital Wardrobe – is a sustainability and marketing solution that empowers the newest technology to have a positive impact on environmental and business performance.

On the latest deal, PDS said that through LOOP Digital, "we want to provide a sustainability ecosystem to our customers and end consumers."

The cost of the acquisition would be £ 200,001. PDS will acquire 34% shareholding consisting of 66,667 Ordinary Shares of £3 each.

At around 12.56 pm, PDS is trading at Rs1360 per piece down 0.8% on Sensex. 

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