PDS shines as its UK-based vertical acquires brand intellectual property of Little Mistress
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PDS is currently trading at Rs. 452.50, up by 15.00 points or 3.43% from its previous closing of Rs. 437.50 on the BSE.
The scrip opened at Rs. 435.40 and has touched a high and low of Rs. 467.95 and Rs. 435.40 respectively. So far 1963 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 484.05 on 13-Sep-2023 and a 52 week low of Rs. 282.00 on 13-Oct-2022.
Last one week high and low of the scrip stood at Rs. 470.00 and Rs. 426.50 respectively. The current market cap of the company is Rs. 5976.84 crore.
The promoters holding in the company stood at 66.16%, while Institutions and Non-Institutions held 3.56% and 30.28% respectively.
PDS’ UK-based vertical -- Poeticgem has acquired the brand intellectual property (IP) of Little Mistress, in line with its strategy of adding value accretive solutions to its offering. Under the terms of this agreement, Poeticgem will have various brands under the Little Mistress. Going forward Poeticgem will also design, source and distribute the Little Mistress portfolio of brands worldwide.
This transaction underscores the commitment of Poeticgem to deliver high-quality fashion experiences across the fashion value chain, to its global customers. The agreement marks an exciting new chapter for Poeticgem and Little Mistress as they join forces to create a dynamic and innovative future.
PDS is a design-led organisation and its talented design teams offer exceptional product development and design services customised to retailers’ requirements.
