Stephenson Harwood with PDS on INR 430 core placement

Stephenson Harwood has advised PDS Limited (PDS) in connection with the UAE aspects of its successful qualified institutional placement of INR 430 core (US$ 51 million) in the Indian markets.

Stephenson Harwood team

The Stephenson Harwood team was led by partner Diwakar Agarwal (pictured), supported by associates Suditi Surana and Hajer El Moumni.

PDS

PDS is a global fashion infrastructure platform offering product development, sourcing, manufacturing covering over 90 locations in 20+ countries. Stephenson Harwood conducted a comprehensive diligence exercise and provided an opinion in respect of the material subsidiaries of PDS Limited based in the UAE. The team collaborated closely with PDS’s executives as well as various counsels to deliver the opinion, which was an important part of the offering process.

Diwakar Agarwal, who led the Stephenson Harwood team on this transaction, commented:

Advising on this pivotal public offering has been an honour. This transaction is significant for PDS’s strategic expansion. It also highlights our capabilities and growing track record in assisting Indian companies going for IPOs or QIPs in respect of their overseas material subsidiaries while undergoing the capital markets process. We are proud to contribute to PDS’s journey as they continue to expand into new markets and diversify their operations.