Pidilite Industries has proposed to invest an amount of $500,000 as equity capital contribution in Pidilite Ventures LLC. Pidilite Ventures LLC, incorporated in USA is proposed to be engaged mainly in investments in early stage operating companies in USA. Pidilite Ventures LLC will be a wholly owned subsidiary of the company.
Pidilite Industries is a well-known name in the adhesives market. The company has diversified into various segments such as adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins and organic pigments and preparations.