News: In a regulatory exchange filing, Pidilite announced that it has entered into an agreement with Basic Adhesives LLC, US for purchase of certain assets comprising technology, design, trademark, copyright, domain name and trade dress, etc. at an agreed consideration to be paid by the company in tranches. Pidilite also said this transaction does not constitute a material event to the company
Views: Basic adhesives is engaged in manufacturing of eco-friendly adhesives and edge stains for the leather goods industry. Previously, Pidilite has entered into several agreements/contracts with related businesses with the aim of adding new products and entering into business segments. We believe this agreement is in line with the company's long term strategy
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