Acquisitions29 Jan 2025, 01:48 am
PDS Ltd to Acquire 55% Stake in Knit Gallery India Pvt. Ltd., Reports Q3 Results
AI Summary
PDS Limited has announced the acquisition of a 55% equity stake in Knit Gallery India Private Limited. The acquisition is aimed at expanding the company's manufacturing footprint in India, accelerating sourcing capabilities within the country, and enhancing overall value, profitability, and operational efficiency. The Board of Directors has also approved and taken on record the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.
Key Highlights
- PDS Limited to acquire a 55% equity stake in Knit Gallery India Private Limited
- Acquisition aims to expand manufacturing footprint, accelerate sourcing capabilities, and enhance operational efficiency
- Unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2024 approved
- Total turnover and PAT of Knit Gallery and Knit Gallery Firm for FY2023-24 disclosed