Brief: Pidilite Industries Intends To Set Up A Lending Business

Pidilite Industries

08/11/2023 12:43

Nov 8 (Reuters) - Pidilite Industries Ltd  PIDI.NS :
    * PIDILITE INDUSTRIES LTD- INTENDS TO SET UP A LENDING
BUSINESS
    * PIDILITE INDUSTRIES LTD - INTENDS TO SET UP A LENDING
BUSINESS
    * PIDILITE INDUSTRIES LTD - PARGRO DOES NOT HAVE ANY LENDING
OPERATIONS PRESENTLY AND IS DEBT-FREE AS ON 31 ST OCTOBER 2023
    * PIDILITE INDUSTRIES LTD - NEW BUSINESS WOULD PROVIDE
CREDIT TO
ITS DOMAIN ECOSYSTEM TO SUPPORT THEIR BUSINESS GROWTH
    * PIDILITE INDUSTRIES LTD- ACQUISITION OF PARGRO WILL BE
DONE AT A
FAIR VALUE OF UP TO 100 MILLION RUPEES
    * PIDILITE INDUSTRIES LTD - OVER NEXT TWO YEARS, TO BUILD
NEW
BUSINESS, CO EXPECTS TO INVEST UP TO 1 BILLION RUPEES
    * PIDILITE INDUSTRIES LTD - INVESTMENT EXPECTED TO HAPPEN
THROUGH
A MIX OF EQUITY AND DEBT

Source text for Eikon:  ID:nBSEnDTKb 
Further company coverage:  PIDI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))