PDS Multinational Fashions hits fresh 52-week high after completing transaction for 100% acquisition of PDS Brands

The company wants to expand & create an opportunity in the Indian fashion & apparel business.

Jul 29, 2021 11:07 IST India Infoline News Service

Acquisition Concept
PDS Multinational Fashions Limited has completed the transaction as regards the acquisition of 100% Equity Stake in PDS Brands Private Limited, i.e. 10,000 Equity Shares at the Face Value of Rs10/- each on July 28, 2021.

“PDS Brands belongs to the apparel industry. Expand & create an opportunity in the Indian fashion & apparel business including but not limited to kids wear, inner wear and other categories of lifestyle,” the company said in a filing on Wednesday.

The company stock was in the fast lane and touched a new 52-week high of Rs1311 per piece during intraday trade on Thursday.

At around 11.50 AM, PDS Multinational Fashions Limited was trading at Rs1288.10 per piece up Rs82.85 or 6.87% on the BSE. 

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