Pidilite Industries Ltd's subsidiary forms JV for Construction Chemicals business

M/s. Pidilite MEA Chemicals LLC ('Pidilite MEA'), a wholly owned subsidiary of Pidilite Industries Limited and M/s. Corporacion Empresarial Grupo Puma SL, Spain ('Grupo Puma, Spain') have incorporated a joint venture Company in UAE in the name of "PidilitePuma MEA Chemicals L.L.C." ('PidilitePuma') on 2nd October, 2023 to carry on the business of manufacture of construction chemicals.

Each of Pidilite MEA and Grupo Puma, Spain shall hold 50% of the paid up capital in PidilitePuma.

Shares of Pidilite Industries Limited was last trading in BSE at Rs. 2425.25 as compared to the previous close of Rs. 2439.70. The total number of shares traded during the day was 18097 in over 4503 trades.

The stock hit an intraday high of Rs. 2447.00 and intraday low of 2413.55. The net turnover during the day was Rs. 43883133.00.

Source : Equity Bulls

Keywords

PidiliteIndustries INE318A01026 PidiliteMEA GrupoPuma Spain JointVenture UAE ConstructionChemicals