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Pidilite Industries merger & restructuring announcements

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19:25 IST BSE
Merger & RestructuringPidilite Industries Ltd PIDILITIND

Pidilite Industries Merger & Restructuring Worth ₹22 Cr

Pidilite Industries' subsidiary PVPL will invest up to ₹22 Crore in Buildnext via CCPS subscription. Simultaneously, PVPL entered a share swap agreement to transfer its Buildnext stake to JSW One Platforms. The transaction, expected to conclude by August 2026, will result in PVPL holding a majority stake in Buildnext on a fully diluted basis.

Value
₹22.00 Cr
Execution
10th August, 2026