Pidilite Industries, a manufacturer of adhesives and industrial chemicals said that its wholly owned subsidiary namely Madhumala Ventures (MVPL) has completed the acquisition of additional stake in Aapkapainter Solutions to take its holding to 47%, on a fully diluted basis. MVPL is not a material subsidiary of the Company.
Shares of the company gained Rs 8.55, or 0.38%, to settle at Rs 2,231.75. The total volume of shares traded was 11,604 at the BSE (Monday). The scrip has touched an intraday high of Rs 2,254.85 and low of Rs 2,220.15 respectively.