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Pidilite Industries hikes shareholding in M/s Nina Percept

30 Jun 2023 Evaluate

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.

Peers
Company Name CMP
Godrej Industries 1046.30
SRF 2467.00
BASF India 3478.30
Pidilite Inds. 1519.75
Tata Chemicals 616.60
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