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Pidilite Industries’ arm increases stake in subsidiary

19 Jun 2023 Evaluate

Pidilite Industries’ wholly owned subsidiary---Pidilite Middle East has increased its holding in its subsidiary entity namely Pidilite MEA Chemicals LLC from 49% to 100%, on purchase of balance 51% from an existing shareholder of Pidilite MEA Chemicals LLC. Consequent to this, Pidilite MEA Chemicals LLC is now a wholly owned subsidiary of Pidilite Middle East effective June 19, 2023.

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


Peers
Company Name CMP
Godrej Industries 931.45
SRF 2400.00
BASF India 3139.55
Pidilite Inds. 1485.00
Tata Chemicals 609.40
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