To Niteo Products
Pidilite Industries announced that Pidilite USA Inc. (PUSA), a wholly owned subsidiary of the Company has entered into an agreement with Niteo Products LLC, USA for sale of business of the Cyclo Division of PUSA.Cyclo Division has been engaged in the business of automobile grooming, performance and maintenance products and other such products. Some of the trademarks used by the Cyclo Division were owned by Pidilite International, Singapore, a wholly owned subsidiary of the Company and the same will also stand assigned to Niteo Products LLC, USA.
This transaction does not constitute a material event to the Company.
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