Pidilite Industries’ wholly owned subsidiary -- Pidilite Ventures (PVPL) is all set to make an investment of approximately Rs 20 crore in Imagimake Play Solutions (the Investee Company), which is engaged in the business of design, manufacturing & distribution of innovative range of educational toys, games and art & hobby products for the holistic development of children, for Indian and overseas market.
The investment would be done by subscribing to compulsorily convertible preference shares which would, upon conversion, aggregate to not more than 20% of the issued and paid-up share capital of the Investee company, on a fully diluted basis. The nature of subscription will be cash. Subscription to its shares is being done at a mutually agreed pre-money enterprise valuation, which has not been disclosed herein due to reasons of confidentiality.
Pidilite Industries is a well-known name in the adhesives market.
Company Name | CMP |
---|---|
Tata Chemicals | 1122.45 |
SRF | 2626.35 |
Pidilite Inds. | 2970.00 |
Aarti Inds | 752.50 |
Gujarat Fluorochemic | 3676.00 |
View more.. |