PDS Ltd Successfully Raises 430 Crore ($51mn) Through A Qualified Institutions Placement

PDS Limited has successfully completed its Qualified Institutions Placement (QIP), raising 2430 crore (~$51mn). The QIP attracted robust interest from institutional investors, with a subscription exceeding 2x the issue size. This fund raise enables PDS to accelerate its growth journey of expanding into new markets & categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet. PDS handles over $1.8 billion of Gross Merchandise Value and reported consolidated revenues of $10,370cr in FY24.