PDS rises as board OKs 5-for-1 stock split
PDS rose 1.48% to Rs 1733.45 after the company said its board approved splitting each share of face value Rs 10 each into five shares of face value Rs 2 each.
The stock split is subject to the approval of the shareholders in the ensuing annual general meeting scheduled on 29 July 2022.
PDS (PDS Multinational Fashions) operates an integrated design-led platform offering product development, sourcing, virtual manufacturing, and distribution for major brands and retailers worldwide.
On a consolidated basis, net profit of PDS rose 27.9% to Rs 77.13 crore on 57.3% rise in net sales to Rs 2,775.44 crore in Q4 FY22 over Q4 FY21.
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First Published: Jun 02 2022 | 10:14 AM IST