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PDS Limited ( (IN:PDSL) ) has issued an update.
PDS Limited has announced that its wholly owned Hong Kong subsidiary, Norwest Industries Limited, has acquired the remaining 15% equity stake in Hong Kong-based apparel trading firm Jcraft Array Limited, effective January 1, 2026, for a cash consideration of USD 7,500. With this transaction, Jcraft becomes a step-down wholly owned subsidiary of PDS, a move the company says is aimed at simplifying its shareholding structure, consolidating ownership, and enabling more efficient decision-making and execution of turnaround initiatives at Jcraft, which currently operates with negative net worth and losses, potentially positioning PDS to more directly manage and restructure the underperforming unit within its global apparel trading portfolio.
More about PDS Limited
PDS Limited operates in the apparel and fashion supply chain, with activities that include sourcing, trading and related services through a network of subsidiaries and affiliates across global markets. Its Hong Kong-based entities, including Norwest Industries Limited and Jcraft Array Limited, are engaged in trading within the apparel industry, reinforcing the group’s presence in key Asian sourcing and trading hubs.
Average Trading Volume: 12,091
Technical Sentiment Signal: Sell
Current Market Cap: 49.46B INR
For detailed information about PDSL stock, go to TipRanks’ Stock Analysis page.