PDS gains as its arm planning to acquire 5% stake in Frontier Knitters
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PDS is currently trading at Rs. 530.75, up by 3.85 points or 0.73% from its previous closing of Rs. 526.90 on the BSE.
The scrip opened at Rs. 527.85 and has touched a high and low of Rs. 530.75 and Rs. 526.70 respectively. So far 251 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 666.00 on 15-Nov-2023 and a 52 week low of Rs. 304.05 on 25-May-2023.
Last one week high and low of the scrip stood at Rs. 553.60 and Rs. 525.65 respectively. The current market cap of the company is Rs. 6955.11 crore.
The promoters holding in the company stood at 65.84%, while Institutions and Non-Institutions held 4.06% and 30.11% respectively.
PDS’ subsidiary -- Norlanka Manufacturing India has proposed to acquire an equity stake of 5% in Frontier Knitters to expand apparel manufacturing footprint & leverage it to grow sourcing business. Cost of acquisition is Rs 1.02 crore. The said transaction is expected to be completed on or before April 30, 2024.
PDS is a design-led organisation and its talented design teams offer exceptional product development and design services customised to retailers’ requirements.
