SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Pidilite Industries’ arm to make further investment in Finemake Technologies

22 Mar 2023 Evaluate

Pidilite Industries’ wholly owned subsidiary -- Pidilite Ventures (PVPL) (Formerly known as Madhumala Ventures), has agreed to make further investment not exceeding Rs 13.03 crore in tranches over a period of time, in Finemake Technologies (Finemake) a company working to deliver technology driven high quality home interior products. The investment would be completed, subject to fulfilment of certain conditions mentioned in the agreement, by subscribing to compulsorily convertible preference shares which would, upon conversion, and taking into consideration the existing shareholding of the Company in Finemake, shall remain less than 45% on a fully diluted basis. The nature of subscription will be cash. Subscription to its shares is being done at a mutually agreed valuation, which has not been disclosed herein due to reasons of confidentiality.

The subscription of shares of Finemake is not a related party transaction. The promoter/ promoter group of PVPL have no interest in the Investee Company.

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

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..

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:

×