<h1>Pidilite Subsidiary Completes Share Transfer of Buildnext to JSW One Platforms Limited</h1>
Pidilite Industries Limited's wholly owned subsidiary, M/s Pidilite Ventures Pvt. Ltd., has completed a significant share transfer involving Buildnext Construction Solutions Private Limited (Buildnext). The company transferred its entire shareholding in Buildnext to JSW One Platforms Limited, following a Share Swap Agreement established between PVPL, JSW One, Buildnext and other parties.
The transaction saw Pidilite Ventures Pvt. Ltd. being issued equity shares of JSW One as the consideration for the aforesaid transfer. The details of this transaction were completed at a mutually agreed valuation; however, specifics were not disclosed publicly due to confidentiality requirements.
Following the completion of the share swap, Buildnext Construction Solutions Private Limited has ceased to be an associate company of Pidilite Ventures Pvt. Ltd., marking a structural change for the subsidiary.
PIDILITIND Stock Price Movement
Shares of Pidilite Industries Limited slipped by 0.78% in post-market trading today, settling at ₹1581.9. The equity saw a volume of 510,067 shares as the company concluded its trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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