Stephenson Harwood has acted for PDS, a global fashion infrastructure platform, on the UAE-related aspects of its successful INR4.3 billion (USD51 million) qualified institutional placement (QIP) on Indian markets.
Partner Diwakar Agarwal led the Stephenson Harwood team, with the support of associates Suditi Surana and Hajer El Moumni.
“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,” said Agarwal.
PDS is a global fashion infrastructure platform, providing product development, sourcing, and manufacturing services across more than 90 locations in 20-plus countries.
Stephenson Harwood undertook a thorough due diligence review and provided legal opinion on PDS’s material subsidiaries based in the UAE, which formed a crucial element of the offering process.
The firm worked closely with PDS’s senior executives and co-ordinated with various legal counsel to ensure the completion of the QIP.
