This transaction is not a material transaction for Pidilite.
Pidilite Industries Limited has executed and completed an Agreement with Soprema Ltda., Brazil to divest its entire shareholding in its 100% subsidiary (Pulvitec) in Brazil. This transaction is not a material transaction for Pidilite.
Apurva Parekh, Executive Vice Chairman of Pidilite Industries Limited, mentions, "With the said transaction with Soprema Ltda., Brazil, a part of Soprema Group, France - one of the world's leading Construction Chemicals Company, Pidilite exits operations in Brazil, and will now focus on emerging markets in Asia and Africa."
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