Acquisitions13 May 2025, 07:11 pm
PDS Ltd Successfully Completes 55% Acquisition of Knit Gallery India
AI Summary
PDS Limited has completed the acquisition of a 55% equity stake in Knit Gallery India Private Limited through its subsidiary, NexStyle Apparel Manufacturing Limited. This strategic acquisition aims to enhance the company's manufacturing footprint and capabilities in the apparel sector, establish a manufacturing presence in India, and strengthen regional sourcing efficiencies. This development coincides with the recent announcement of the India—UK Free Trade Agreement by the Government of India, which is expected to support the company in diversifying its sourcing footprint to better serve a global customer base.
Key Highlights
- PDS Ltd has successfully completed the acquisition of a 55% equity stake in Knit Gallery India
- The acquisition is strategic and aims to enhance PDS Ltd's manufacturing footprint and capabilities in the apparel sector
- The acquisition will establish a manufacturing presence in India and enhance regional sourcing efficiencies
- The acquisition comes at an opportune time, coinciding with the recent announcement of the India—UK Free Trade Agreement
- The acquisition is expected to support the company in strengthening and diversifying its sourcing footprint to better serve a global customer base