Through PDS QIP Rs. 430 crore collected

PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs. 430 crore has been collected. The company has successfully completed the QIP by raising Rs 430 crore (approx. USD 51 million). The QIP attracted strong interest from institutional investors, with subscription over twice the issue size, PDS Ltd said in a statement.

“This fundraising enables PDS to accelerate its growth journey to expand into new markets and categories, as well as diversify its sourcing sectors through brownfield investments, while maintaining a strong balance sheet,” the company said.

Palak Seth, Executive Vice Chairman, PDS, said, “This funding will be instrumental in driving our expansion efforts, driving innovation and expanding our global footprint into new and exciting markets.”

PDS Limited is a fashion infrastructure platform offering product development, sourcing, manufacturing and distribution for major brands and retailers worldwide. It has a global network covering more than 90 locations in more than 20 countries with more than 4,200 employees and more than 6,000 factory associates worldwide.

Company in FY24 Rs. 10,370 crore in consolidated revenue.