PDS surges as its arm incorporates wholly owned subsidiary in Mauritius
PDS is currently trading at Rs. 441.40, up by 10.65 points or 2.47% from its previous closing of Rs. 430.75 on the BSE.
The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 444.00 and Rs. 430.00 respectively. So far 1512 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 658.15 on 16-Dec-2024 and a 52 week low of Rs. 355.00 on 16-May-2024.
Last one week high and low of the scrip stood at Rs. 444.00 and Rs. 383.00 respectively. The current market cap of the company is Rs. 6087.29 crore.
The promoters holding in the company stood at 61.42%, while Institutions and Non-Institutions held 10.74% and 27.84% respectively.
PDS’ wholly owned subsidiary -- NexStyle Apparel Manufacturing (India) has incorporated a new entity in Mauritius, under the name ‘NexStyle Apparel Manufacturing’ (NexStyle Mauritius), effective from May 13, 2025. NexStyle Mauritius has been incorporated as a wholly owned subsidiary of NexStyle Apparel Manufacturing (India), and accordingly, it is a step-down wholly owned subsidiary of PDS
The primary objective of incorporating the new subsidiary is to strengthen the PDS Group’s global manufacturing footprint through strategic acquisitions of manufacturing businesses and enhancement of sourcing capabilities, thereby improving overall value creation, profitability, and operational efficiency.
PDS is a design-led organisation and its talented design teams offer exceptional product development and design services customised to retailers’ requirements.
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