Zen Industries deals in the manufacturing, distribution, and retail of athletic and lifestyle footwear and apparel.
The company acquired 5% shareholding consisting of 5,000 Preference Shares of EURO 100/- each at EUR 500,000. The indicative period for completion of the acquisition is November 30, 2021.
“The Investment aligns with PDS sustainability goals and is synergistic for its supply chain (apparel portion). It should directly add as an opportunity for sourcing & manufacturing of apparel products,” company said in a filing on Tuesday.
The company stock was in demand during early deals on Wednesday and at around 9.55 am, PDS Multinational Fashions Limited was trading at Rs1379.00 per piece up Rs40.20 or 3.00% on the BSE.