Announced Fri, 10 Jul · 21:57 IST
PDS divests 26% stake in Sri Lanka step-down associate Nobleswear
Strategic Transactions View source PDF
PDSL · price
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Price reaction · full curve 14 horizons · vs prior close
+7.4%1-day move
₹355.20
prior close
₹352.00
base price
After-mkt
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AI summary
PDS's step-down subsidiary Nor Lanka Manufacturing has sold its full 26% stake in Sri Lanka-based Nobleswear, which was a step-down associate. The deal was effective June 5, 2026, for about 95.31 lakh rupees (roughly USD 1). Nobleswear contributed just 0.36 percent of consolidated net worth, with no turnover. The buyer, Nobles (Private) Limited, is not related to the promoter group.
Likely market impact
Minor divestment of a small associate with negligible financial contribution. No material impact on the company's overall business or financials.