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Pidilite Industries to make investment in Kaarwan Eduventures

21 Mar 2022 Evaluate

Pidilite Industries has agreed to make an investment not exceeding Rs 3.78 crore in Kaarwan Eduventures, engaged in the business of providing interactive and result oriented education making it a one stop learning and up skilling platform for architects and designers.

The investment would be done by subscribing to Compulsorily Convertible Preference Shares, which on conversion would translate into 26% of the issued and paid up share capital of the Kaarwan Eduventures (on a fully diluted basis). The nature of subscription will be cash. Subscription to its shares is being done at a mutually agreed valuation.

Pidilite Industries is a well-known name in the adhesives market.

Pidilite Inds. Share Price

1396.00 2.75 (0.20%)
20-Apr-2026 11:30 View Price Chart
Peers
Company Name CMP
BASF India 3688.10
Tata Chemicals 706.85
SRF 2480.00
Pidilite Inds. 1396.00
Deepak Nitrite 1536.80
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