Pidilite Industries is currently trading at Rs. 2394.30, up by 37.60 points or 1.60% from its previous closing of Rs. 2356.70 on the BSE.
The scrip opened at Rs. 2365.05 and has touched a high and low of Rs. 2398.55 and Rs. 2365.05 respectively. So far 2443 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2916.85 on 15-Sep-2022 and a 52 week low of Rs. 1988.60 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2398.55 and Rs. 2311.00 respectively. The current market cap of the company is Rs. 121705.68 crore.
The promoters holding in the company stood at 69.94%, while Institutions and Non-Institutions held 19.20% and 10.86% respectively.
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.