Pidilite Ventures to divest Finemake stake by Oct 2026
Pidilite Industries Ltd's wholly-owned subsidiary, Pidilite Ventures Pvt. Ltd. (PVPL), has agreed to transfer its entire shareholding in Finemake Technologies Private Limited, an associate company, to Finemake's founders at a mutually agreed valuation. Upon completion, Finemake will no longer be an associate company of PVPL. For the financial year ended March 31, 2026, Finemake reported a revenue of ₹24.36 Cr, contributing 0.06% to Pidilite's consolidated revenue. It also posted a Profit After Tax of ₹(7.82) Cr and a Net Worth of ₹(6.18) Cr. The transaction is expected to be completed by October 15, 2026, with consideration received in cash. The buyers are not part of the promoter/promoter group.
Key Highlights
- Pidilite Ventures to divest its entire stake in Finemake Technologies.
- Finemake will cease to be an associate company post-transaction.
- Finemake's FY26 revenue was ₹24.36 Cr, 0.06% of consolidated revenue.
- Finemake reported a net loss of ₹7.82 Cr and negative net worth in FY26.
- Transaction expected to complete by October 15, 2026.
Price Impact
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