Divestment21 Sept 2026, 06:50 pm
PDS completes 49% stake sale in DBS Lifestyle
AI Summary
PDS Limited has completed the transfer of its remaining 49% stake in DBS Lifestyle India Private Limited on September 21, 2026. This transaction follows an earlier Share Purchase Agreement (SPA) dated August 20, 2026, with Mr. Bhawnish Suri, Mrs. Divya Suri, and DBS Lifestyle. Consequently, DBS Lifestyle, Suri Overseas Private Limited, and Pangram Brands Global Private Limited have ceased to be associate companies of PDS Limited as of September 21, 2026.
Key Highlights
- PDS completed the sale of its remaining 49% stake in DBS Lifestyle.
- The stake transfer was finalized on September 21, 2026.
- DBS Lifestyle and related entities are no longer PDS associate companies.
- This follows a Share Purchase Agreement from August 2026.
Price Impact
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