Divestment10 Jul 2026, 10:00 pm
PDS Ltd Divests 26% Stake in Nobleswear for ~₹95.31
AI Summary
PDS Limited announced the divestment of its step-down associate, Nobleswear (Private) Limited, Sri Lanka. Nor Lanka Manufacturing Limited, a step-down subsidiary, sold its entire 26% equity stake in Nobleswear. The transaction, effective June 5, 2026, was communicated on July 10, 2026. Nobleswear's net worth contributed 0.36% (₹635.22 Lakhs) to PDS Ltd's consolidated net worth. The sale consideration was approximately ₹95.31 (USD 1). The buyer, Nobles (Private) Limited, is not part of PDS Ltd's promoter group. This divestment marks Nobleswear's cessation as a step-down associate of PDS Limited.
Key Highlights
- PDS Ltd divests 26% stake in Nobleswear (Private) Limited.
- Sale consideration approximately ₹95.31 (USD 1).
- Nobleswear's net worth contribution was 0.36% (₹635.22 Lakhs).
- Transaction effective June 5, 2026, reported July 10, 2026.
- Buyer is not a promoter group entity.
Price Impact
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