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Pidilite Industries’ JV enters into agreement for licensing of certain UV technology

15 Jun 2024 Evaluate

ICA Pidilite, a joint venture of Pidilite Industries and Industria Chimica Adriatica SPA, Italy (ICA), has entered into an agreement with ICA for licensing of certain UV technology from ICA. ICA Pidilite shall pay an agreed consideration to ICA, which is not being disclosed here for confidentiality reasons.

The aforesaid transaction is a related party transaction and is at an arms’ length basis. This is not a material transaction and it does not have any impact on the management or control of the Company. 

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


Peers
Company Name CMP
Godrej Industries 1039.10
SRF 2455.00
BASF India 3404.85
Pidilite Inds. 1485.00
Tata Chemicals 616.95
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