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Pidilite Industries incorporates subsidiary company

09 Oct 2019 Evaluate

Pidilite Industries has incorporated a subsidiary in the name of ‘Pidilite Litokol’ (PLPL) on October 7, 2019 to carry on the business of chemicals epoxy grouts, chemical based products etc. In terms of the Shareholders Agreement, the company shall hold 60% of the paid-up share capital and management control of PLPL.

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.

Peers
Company Name CMP
Godrej Industries 1103.20
SRF 2454.00
BASF India 3542.05
Pidilite Inds. 1522.00
Tata Chemicals 734.50
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