PDS Multinational Fashions completes transaction for acquisition of 100% stake in Dubai based PG Capital FZE

The company foresees a lot of synergy value through this investment (USD 11.31 Million) in terms of providing sustainable solutions to its customers in the Apparel Industry.

Sep 30, 2021 10:09 IST India Infoline News Service

IT Stocks Up
PDS Multinational Fashions Limited has completed the transaction as regard to the acquisition of 100% Equity Stake in PG Capital FZE, a company incorporated under the laws of Dubai, United Arab Emirates by the company’s step-down subsidiary, PDS Multinational FZCO, a company incorporated under the laws of Dubai, the United Arab Emirates on September 27, 2021.

The investee companies of PG Capital FZE (Yellow Octopus EU Sp. z o.o. Sp.K. and One Stop Shop Solutions Sp. z o.o. Sp.K.) in which it holds a 50% stake are engaged in providing commercial sustainability solutions in the fashion industry. The company foresees a lot of synergy value through this investment (USD 11.31 Million) in terms of providing sustainable solutions to its customers in the Apparel Industry.

PDS Multinational Fashions Ltd. trade on Wednesday ended at Rs1223.80 per piece up Rs8.70 or 0.72% on the BSE. The company stock was yet to trade on Thursday deals.

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