SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Pidilite Industries to acquire 70% stake in Tenax India

28 Feb 2020 Evaluate

Pidilite Industries has entered into a definitive agreement with Tenax SPA, Italy (Tenax Italy) for acquiring 70% of the share capital of Tenax India Stone Products (Tenax India) for cash consideration of approximately  Rs 80 crore (depending upon actual cash and working capital at the time of closing).

Post the acquisition, Tenax India will become a subsidiary of Pidilite. This acquisition by Pidilite will enable Tenax India to fully leverage the sales, distribution and marketing capability of Pidilite in India and SAARC markets. Tenax Italy will continue to be a partner (having 30% stake) in Tenax India and provide full support to Tenax India through its technical and market understanding of marble, granite and stones business in India and SAARC markets.

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

1389.00 -4.25 (-0.31%)
20-Apr-2026 10:02 View Price Chart
Peers
Company Name CMP
BASF India 3687.85
Tata Chemicals 707.95
SRF 2478.00
Pidilite Inds. 1389.00
Deepak Nitrite 1517.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×