Pidilite Industries forms JV with Chetana Expotential for wall panels

The JV company will be responsible for deploying this innovative technology and other ancillary products in projects in India, Sri Lanka and Bangladesh, the company said in the filing.

Aug 27, 2019 03:08 IST India Infoline News Service

Pidilite Industries
Pidilite Industries said in the press note on Monday after market hours that it has entered into a joint venture with Chetana Expotential Technologies Private Limited (Chetana), a Bangalore based engineering technologies company, to establish a Joint Venture Company (JV company) in India.

The JV company will be responsible for deploying this innovative technology and other ancillary products in projects in India, Sri Lanka and Bangladesh, the company said in the filing.

The company shall be the majority partner in this joint venture. The above transaction is not a related party transaction.

Chetana has invented a technology in the field of Post Compressed Aerated Concrete Wall Panels.

Pidilite Industries Ltd ended at Rs1,386.35 up by Rs25.75 or 1.89% from its previous closing of Rs1,360.60 on the BSE.

Related Story