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PDS LIMITED — Capital/Financing Update 2021
May 29, 2021
60265_rns_2021-05-29_349f5b70-6d0b-4b00-a276-6e41836c4ad4.pdf
Capital/Financing Update
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PDS Multinational Fashions Limited
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| PDS/SE/2021-22/10 | PDS/SE/2021-22/10 | May 29, 2021 |
|---|---|---|
| Listing Department | Corporate Relationship Department | |
| National Stock Exchange of India Limited | BSE Limited | |
| Exchange Plaza, C-1 Block G, | Phiroze Jeejeebhoy Towers, | |
| Bandra Kurla Complex, Bandra (E), | Dalal Street, | |
| Mumbai -400 051 | Mumbai- 400001 | |
| Scrip Symbol: PDSMFL | Scrip Code: 538730 |
Sub: Intimation of Acquisition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Re: ISIN - INE111Q01013
Dear Sir/ Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that a Subsidiary of the Company, Norwest Industries Limited, incorporated under the laws of Hong Kong, has entered into Shareholders Agreement with Vyner Works Limited (‘Investee Company’), a Company incorporated under the Laws of United Kingdom.
The brief particulars related to the aforesaid investment are mentioned herein below:
Brief Profile of Vyner Works Limited: Vyner Works Limited is a Company with registered office at Arch 43 Castle Mews, London, NW1 8SX and is involved in Direct-to-Consumer Sustainable Flatpack business.
Date of Execution of Agreement: May 28, 2021
Amount Invested: GBP 350,000
Price of Shares: GBP 0.01 Per Share (Face Value) and GBP 13.82 per share premium
Expected benefit of Investment: The Company foresees a lot of synergy value for its supply chain through this investment. The Company has recently included home category products as a part of its core offering to the customers. Hence, the investment directly helps in establishing the new business vertical by partnering with the Investee company for providing sourcing solutions to them. Also, it resonates with the Company’s core focus on sustainability solutions.
None of the Directors/ Promoters of the Company are interested/ related with the Investee Company and/or its subsidiary companies.
We request you to kindly take the above information on record.
Thanking you,
Yours faithfully, for PDS Multinational Fashions Limited - �J Abhishekh Kanoi Head of Legal & Company Secretary ICSI Membership No.: F-9530
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Regd. Office: No. 758 & 759, 2[nd] Floor, 19[th] Main, Sector -2, HSR Layout, Bengaluru – 560 102, Karnataka, INDIA Tel: +91 80 67653000; Email: [email protected]; Website: www.pdsmultinational.com CIN: L18101KA2011PLC094125