Pidilite Industries Acquires 19.51% In Constrobot Robotics

Pidilite Industries announced that Madhumala Ventures (Madhumala), a wholly owned subsidiary of the Company, has agreed to make an investment of Rs. 1.56 crore in Constrobot Robotics (the Investee Company) which is engaged in the business of research, development, manufacturing and trading of robotic equipment and related software to be used in construction activities. The investment would be done through primary and secondary purchase of shares to acquire 19.51% of the issued and paid-up share capital of the Investee Company on a fully diluted basis.