Investment26 Nov 2025, 04:27 pm
Pidilite Industries' Subsidiary to Invest Rs. 5.10 Crores in Printpanda India Private Limited
AI Summary
Pidilite Industries Ltd. has announced that its wholly owned subsidiary, M/s. Pidilite Ventures Pvt. Ltd. (PVPL), has agreed to invest in M/s. Printpanda India Private Limited (MagicDecor). The investment, not exceeding Rs. 5.10 crores, will be made in equity shares and compulsorily convertible preference shares, which will aggregate to not more than 20% of the issued and paid-up share capital of MagicDecor on a fully diluted basis. The nature of the subscription is cash, and the pre-money enterprise valuation has not been disclosed due to confidentiality reasons.
Key Highlights
- Pidilite Industries' subsidiary to invest in Printpanda India Private Limited
- Investment not exceeding Rs. 5.10 crores
- Subscription to equity shares and compulsorily convertible preference shares
- Aggregating to not more than 20% of the issued and paid-up share capital on a fully diluted basis
- Cash subscription at a mutually agreed pre-money enterprise valuation