Stephenson Harwood Advised PDS On Successful ₹430 Cr QIP
Stephenson Harwood Advised PDS On Successful ₹430 Cr QIP
Stephenson Harwood LLP has advised PDS Limited (PDS) on the UAE aspects of its successful Qualified Institutional Placement (QIP) worth INR 430 crores (US$ 51 million) in the Indian markets.
PDS, a global fashion infrastructure platform, offers product development, sourcing, and manufacturing services across 90+ locations in more than 20 countries. Stephenson Harwood conducted a comprehensive diligence exercise and provided legal opinions concerning PDS Limited’s material subsidiaries based in the UAE. The firm collaborated closely with PDS’s executives and various counsels to deliver this opinion, which played a crucial role in 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."
The Stephenson Harwood team was Led by Partner Diwakar Agarwal, with support from Associates Suditi Surana and Hajer El Moumni.
