PDS Limited has informed the Exchange about Acquisition
PDSL · price
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PDS Limited's wholly owned step-down subsidiary, PDS Multinational FZCO (UAE), has acquired the remaining 25% equity stake in PDS Radius Brands FZCO (UAE) for a cash consideration of USD 6,812 (approximately INR 0.06 Cr), effective March 9, 2026. With this transaction, PDS Radius UAE has become a 100% wholly owned step-down subsidiary of PDS Limited. The target entity is a UAE-based private company in the apparel trading business, incorporated in July 2023, with a turnover of about INR 6.62 Cr and negative net worth of INR -8.35 Cr in FY25. The acquisition is a related party transaction done at arm's length and is aimed at simplifying the shareholding structure, consolidating ownership, and supporting turnaround initiatives.
This is a small, low-cost consolidation that gives PDS Limited full control over its UAE apparel arm, simplifying the group structure and decision-making. Given the tiny deal value and the negative financials of the target, the immediate financial impact on shareholders is minimal, but it removes a minority interest in the subsidiary and supports the company's turnaround efforts in this unit.