PDS Limited has announced the acquisition of the remaining 25% equity stake in PDS Radius Brands FZCO, UAE, making it a wholly owned subsidiary.
PDS Multinational FZCO, a wholly owned step-down subsidiary of PDS Limited, completed the acquisition on March 9, 2026. The transaction, valued at USD 6,812 (approximately ₹0.06 crore), was approved by the relevant UAE regulatory authority and formally communicated to PDS on March 13, 2026. This acquisition, classified as a related party transaction, was conducted on an arm’s length basis, with no interest from the promoter group.
PDS Radius UAE, operating in the apparel trading industry, has a share capital of USD 27,247.96 and reported a turnover of USD 0.07 million (₹6.62 crore) and a net worth of USD -0.09 million (₹-8.35 crore). The acquisition aims to simplify the shareholding structure, consolidate ownership, and enable more efficient decision-making and execution of turnaround initiatives.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.