Earlier on October 14, 2022, PDS informed that it has agreed to acquire a 51% stake in DBS Lifestyle.
PDS will invest Rs21 crore (US$2.6 million) in the new entity Pangram Brands Private Limited as part of this transaction. The company said that majority of the proceeds will be utilised in funding the company's growth plans and to acquire DBS's existing businesses.
Divya Suri and Bhawnish Suri founded DBS Lifestyle LLP, a design-led company that caters to the fashion and home categories. DBS has over 20,000 original textile designs and patterns in its library, and it adds nearly 2500 artworks and samples each month.
At around 1.38 PM, PDS was trading at Rs297.60, up by 0.71% against previous close of Rs295.50 on NSE. So far, the counter hit intraday high and low of Rs304.90 and Rs292.20 respectively.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.