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Pidilite Industries Ltd. — Capital/Financing Update 2023
Jun 29, 2023
61002_rns_2023-06-29_29f8cd8c-9186-4d0e-91ed-d125c83cb844.pdf
Capital/Financing Update
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29[th] June, 2023
The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14[th] floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stock Code - PIDILITIND
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
Dear Sir,
This is to inform you that the Company’s shareholding in its subsidiary entity namely M/s. Nina Percept Pvt. Ltd. (NPPL), has increased from 74.58% to 100%, on acquisition of 3,00,000 equity shares, from an existing shareholder of NPPL at a consideration of Rs. 37.75 Crores (including certain contingent payment) pursuant to the Share Purchase Agreement executed on 29[th] June, 2023. Consequent to this, NPPL becomes a wholly owned subsidiary of the Company.
This transaction does not constitute a material transaction for the Company and it is not a related party transaction.
You are requested to kindly take the above on your record.
Thanking You,
Yours faithfully,
For Pidilite Industries Limited
MANISHA Digitally signed by MANISHA RAKESH RAKESH SHETTY SHETTY Date: 2023.06.29 16:40:56 +05'30'
Manisha Shetty Company Secretary
Regd. Office
Regent Chambers, 7th Floor Jamnalal Bajaj Marg 208 Nariman Point Mumbai 400 021
Pidilite Industries Limited
Corporate Office Ramkrishna Mandir Road Andheri - E, Mumbai 400059, India T + 91 22 2835 7000 2835 7952 / 2835 7365 F +91 22 2830 4482 www.pidilite.com ClN:L24100MH1969PLC014336