Pidilite Industries provides update on subsidiaries

Pidilite International and Pidilite Middle East acquire shares of Nebula East Africa, Kenya

Pidilite Industries announced that Pidilite International and Pidilite Middle East, Wholly owned subsidiaries of the Company, have acquired shares of Nebula East Africa (NEAPL), a Company incorporated in Kenya. With this acquisition, the wholly owned subsidiaries of the Company jointly hold 100% of the paid up share capital (which is Kenyan Shillings 100,000) equivalent to approx. USD 1000 in NEAPL.

NEAPL is proposed to be engaged in the business as manufacturers, importers, exporters, buyers, sellers, etc in adhesives, sealants, and all other products used for making or producing adhesives and sealants.

 

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