Announced Fri, 10 Jul · 21:53 IST
PDS divests 26% stake in Sri Lankan associate Nobleswear
Strategic Transactions View source PDF
PDSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+7.4%1-day move
₹355.20
prior close
₹352.00
base price
After-mkt
timing
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-0.1+0.1—+0.8+7.4+5.5+3.6+1.4+2.2-0.3————
Up moveDown movePending
AI summary
PDS Limited's step-down subsidiary Nor Lanka Manufacturing sold its entire 26% stake in Sri Lanka-based associate Nobleswear for around 95.31 lakhs (USD 1). Nobleswear contributed only 0.36% of consolidated net worth (around 635.22 lakhs) with turnover not applicable. Buyer is Nobles (Private) Limited, not related to promoters. Effective June 5, 2026.
Likely market impact
Minor divestment with negligible financial impact on consolidated numbers. Not a related-party deal.