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Pidilite Industries shines as its arm agrees to make investment in Homevista Decor

26 Dec 2019 Evaluate

Pidilite Industries is currently trading at Rs. 1393.40, up by 16.90 points or 1.23% from its previous closing of Rs. 1376.50 on the BSE.

The scrip opened at Rs. 1379.40 and has touched a high and low of Rs. 1395.60 and Rs. 1379.30 respectively. So far 10277 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1494.90 on 23-Sep-2019 and a 52 week low of Rs. 1048.85 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1395.60 and Rs. 1363.00 respectively. The current market cap of the company is Rs. 70765.95 crore.

The promoters holding in the company stood at 69.71%, while Institutions and Non-Institutions held 19.88% and 10.40% respectively.

Pidilite Industries’ wholly owned subsidiary -- Madhumala Traders has agreed to make an investment of Rs 49 crore in Homevista Decor and Furnishings by subscribing to its Series D2 Cumulative Compulsorily Convertible Preference Shares (CCCPS) which on conversion would translate to over 5% of the issued and paid-up share capital of the Investee Company (on a fully diluted basis).

Along with Madhumala, other reputed investors have also made investment in the Investee Company. The nature of subscription will be cash. Subscription of CCCPS is being done at a mutually agreed pre-money enterprise valuation, which has not been disclosed herein due to reasons of confidentiality.

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.

Pidilite Inds. Share Price

1393.25 62.55 (4.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
View more..

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