Pidilite Industries gains on collaborating with 100X.VC for Pidilite Ventures
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Pidilite Industries is currently trading at Rs. 2868.90, up by 10.70 points or 0.37% from its previous closing of Rs. 2858.20 on the BSE.
The scrip opened at Rs. 2865.00 and has touched a high and low of Rs. 2880.50 and Rs. 2846.85 respectively. So far 10012 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2894.90 on 09-Sep-2022 and a 52 week low of Rs. 1988.60 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2894.90 and Rs. 2792.95 respectively. The current market cap of the company is Rs. 145711.52 crore.
The promoters holding in the company stood at 69.94%, while Institutions and Non-Institutions held 18.61% and 11.45% respectively.
Pidilite Industries and 100X.VC have collaborated for the Pidilite’s venture arm called Pidilite Ventures. As a part of the partnership, 100X.VC will collaborate with Pidilite Ventures to identify strategic investment opportunities for them.
Pidilite Ventures will aim to mentor and guide innovative businesses that have synergies with Pidilite’s core and adjacent businesses. While 100X.VC has the size, scale, track-record, relationships, and experience of transforming early-stage businesses into large ones, the company has the experience and expertise in building winning brands in the space it operates in. This will offer a definite competitive edge to the portfolio companies.
100X.VC is India's first venture fund to invest in early-stage startups using iSAFE (India Simple Agreement for Future Equity) Notes.
Pidilite Industries is a well-known name in the adhesives market.
