Pidilite Industries subsidiary creates a JV for the construction chemicals industry

4 Oct 2023 , 01:21 PM

On October 2, 2023, 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’) incorporated a joint venture company in the United Arab Emirates under the name ‘PidilitePuma MEA Chemicals L.L.C.’

Pidilite MEA and Grupo Puma, Spain will each own 50% of PidilitePuma’s paid-up capital.

Pidilite Industries Limited shares were last traded at Rs 2396.25 on the BSE, down from the previous closing of Rs 2425.40. 

For feedback and suggestions, write to us at [e-mail]