Fidelity International has purchased 351,841 equity shares aggregating 1.84 per cent of the total paid up equity capital of House of Pearl Fashions Ltd. This acquisition has taken the total stake of Fidelity Group to 6.13% in the company. The deal was struck on February 23, 2007.
According to Mr Deepak Seth, Group Chairman, House of Pearl Fashions Ltd, “Fidelity picking up stake in the company proves the significant growth potential of House of Pearl Fashions Ltd. We have reported consistent growth in revenues for last two years. House of Pearl Fashions today is end to end solutions provider for leading retailers across the world.”
House Of Pearl Fashions Ltd recently came out with IPO of 5,984,994 shares. The company got listed on March 15, 2007 at BSE and NSE.
House Of Pearl Fashions Ltd
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