Pidilite subsidiary transfers Buildnext stake to JSW One via share swap

PIDILITIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.2%1-day move

₹1580.80

prior close

₹1585.00

base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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AI summary

Pidilite Industries' wholly owned subsidiary Pidilite Ventures Pvt. Ltd. (PVPL) has completed the transfer of its entire shareholding in Buildnext Construction Solutions to JSW One Platforms. The transfer was executed through a Share Swap Agreement, with PVPL receiving equity shares of JSW One in consideration. As a result, Buildnext has ceased to be an associate company of PVPL. Transaction valuation was not disclosed for confidentiality reasons. This follows an earlier intimation dated 29 April 2026.

Likely market impact

PVPL exits Buildnext via share swap, gaining equity in JSW One Platforms. Buildnext is no longer an associate of Pidilite's subsidiary.