PDS raises DBS Lifestyle Hong Kong ownership to 100%
PDSL · price
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On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.9 pts more than its Trading - Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PDS Sourcing, PDS Limited's Mauritius subsidiary, acquired the remaining 49% of DBS Lifestyle Limited, Hong Kong for USD 4,900, about Rs 4.65 lakh. Its stake rose from 51% to 100%. The target reported FY2026 turnover of Rs 0.91 crore, profit of Rs 0.12 crore and net worth of Rs 0.16 crore. It will be renamed PDS Sourcing HK Limited.
The small cash deal has limited immediate financial impact, but gives PDS full control and may improve turnaround execution.