PDS jumps after its arm inks agreement to acquire stake in Sunny Up
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PDS is currently trading at Rs. 1595.80, up by 17.25 points or 1.09% from its previous closing of Rs. 1578.55 on the BSE.
The scrip opened at Rs. 1603.65 and has touched a high and low of Rs. 1617.55 and Rs. 1535.95 respectively. So far 697 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2099.95 on 24-Jan-2022 and a 52 week low of Rs. 700.00 on 14-May-2021.
Last one week high and low of the scrip stood at Rs. 1700.00 and Rs. 1535.95 respectively. The current market cap of the company is Rs. 4097.19 crore.
The promoters holding in the company stood at 66.65%, while Institutions and Non-Institutions held 4.39% and 28.96% respectively.
PDS’ subsidiary -- Recovered Clothing has entered into Share Purchase agreement to acquire shares of Sunny Up, a company incorporated under the laws of England and Wales. Sunny Up has license of a well-known brand Stan Ray and other distribution rights which will enhance company’s portfolio and improve company’s offering to the customers.
PDS Multinational is a design-led organisation and its talented design teams offer exceptional product development and design services customised to retailers’ requirements.
