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PDS Sourcing Acquires 60% Stake in Hong Kong’s GSCL to Boost US Apparel Reach

Updated: July 10, 2025 18:07

Image Source: PDS Limited
PDS Ltd has announced that its Mauritiusbased stepdown subsidiary, PDS Sourcing Ltd, will acquire a 60% equity stake in GSC Link Limited (GSCL), a Hong Kongbased apparel trading firm, for USD 1.2 million (approx. Rs 102.59 million).
 
Key Highlights
  • GSCL was incorporated in April 2025 and specializes in the supply, distribution, and export of apparel.
  • The acquisition will be executed in tranches and is expected to close by July 15, 2025, subject to conditions outlined in the share subscription agreement.
  • Postacquisition, GSCL will become a stepdown subsidiary of PDS Ltd.
Strategic Rationale
  • The move aligns with PDS’s strategy to expand its service capabilities and market presence in the United States.
  • It complements PDS’s global fashion infrastructure platform, which spans 90+ offices across 22 countries.
Market Context
Despite a 12% YoY dip in Q4 FY25 net profit, PDS continues to invest in strategic growth and international diversification.
 
Sources: Business Standard, Arihant Capital, Textile Insights, PDS Corporate Filings

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