/ US Subsidiary Of Pidilite Industries To Sell Cyclo Division ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 9 June 2017

Subsidiary, Pidilite USA Inc. (PUSA), has entered into an agreement with Niteo Products LLC, USA for sale of Cyclo Division of PUSA.Cyclo Division has been engaged in the business of automobile grooming, performance and maintenance products and other such products, said the filing.

Meanwhile, Pidilite Industries is trading higher by 1% at Rs 804.95 per share at 1408 hours IST on BSE. The stock hit a high of Rs 811.25 and a low of Rs 801.50 so far during the day.Pidilite Industries Limited is engaged in the manufacture of adhesives and glues, including rubber based glues and adhesives. Its segments include consumer products, industrial products and others.

Pidilite Industries Ltd is currently trading at Rs 801.5, up by Rs 5.2 or 0.65% from its previous closing of Rs 796.3 on the BSE.The scrip opened at Rs 810 and has touched a high and low of Rs 811.25 and Rs 798.1 respectively. So far 290523(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 40824.93 crore.

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