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Pidilite Industries informs about updates

25 Jan 2024 Evaluate
Pidilite Industries has informed that the Company had entered into a Shareholders Agreement dated 25th April, 2016 with Industria Chimica Adriatica S.P.A., (ICA SPA) and others as the Joint Venture Partners to form a Joint Venture Company in the name of ICA Pidilite (Joint Venture Company) which was intimated to the Stock Exchange on 25th April, 2016. There is a change in the shareholding of ICA SPA. Consequently, the existing Shareholders Agreement, which was earlier entered into as mentioned above, is amended. ICA SPA continues to be the party to the Shareholders Agreement. The management control of the Joint Venture Company remains with the Company and there shall be no major change in the Shareholders Agreement. As such there is no material impact on the Company due to the above change. The Amendment and Supplemental Shareholders Agreement was executed on 24th January, 2024 by the shareholders of the Joint Venture Company.

The above information is a part of company’s filings submitted to BSE.

Pidilite Inds. Share Price

1393.25 62.55 (4.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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