PDS Multinational Fashions shines as its arm enters into Shareholders’ agreement with Zen Industries B.V.
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PDS Multinational Fashions is currently trading at Rs. 1410.00, up by 71.20 points or 5.32% from its previous closing of Rs. 1338.80 on the BSE.
The scrip opened at Rs. 1379.00 and has touched a high and low of Rs. 1410.00 and Rs. 1379.00 respectively. So far 320 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1548.00 on 03-Aug-2021 and a 52 week low of Rs. 311.50 on 20-Oct-2020.
Last one week high and low of the scrip stood at Rs. 1450.35 and Rs. 1269.35 respectively. The current market cap of the company is Rs. 3591.84 crore.
The promoters holding in the company stood at 66.65%, while Institutions and Non-Institutions held 4.24% and 29.11% respectively.
PDS Multinational Fashions’ subsidiary -- Smart Notch Industrial has entered into Shareholders’ agreement with Zen Industries B.V. a private company with limited liability incorporated under the laws of the Netherlands. 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. Cost of acquisition is Euro 500,000.
PDS Multinational Fashions, through its subsidiaries, designs, develops, sources, manufactures, and distributes various readymade garments and other consumer products in India and internationally.
