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Pidilite to invest USD 5 lakh in US-based subsidiary

Press Trust of India  |  New Delhi 

and today said it will invest USD 5 lakh as equity capital contribution in US-based

"The company proposes to invest an amount of USD 5,00,000 as equity capital contribution in Pidilite Ventures LLC," Pidilite said in a regulatory filing.

Pidilite Ventures LLC, incorporated in USA, is proposed to be engaged mainly in investments in early stage operating companies in the USA, it added.

Pidilite Ventures will be a wholly-owned subsidiary of the company.

Shares of Pidilite today ended 1.32 per cent up at Rs 1,120.45 apiece on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 20:10 IST