Pidilite Industries has increased its shareholding in its subsidiary entity namely M/s Nina Percept (NPPL) from 74.58% to 100%, on acquisition of 3,00,000 equity shares, from an existing shareholder of NPPL at a consideration of Rs 37.75 crore (including certain contingent payment) pursuant to the Share Purchase Agreement executed on June 29, 2023. Consequent to this, NPPL becomes a wholly owned subsidiary of the Company. This transaction does not constitute a material transaction for the Company and it is not a related party transaction.
Pidilite Industries is a well-known name in the adhesives market.
