Pidilite Ventures Pvt. Ltd. (PVPL), a wholly owned subsidiary of Pidilite Industries, will invest up to ₹34 crores in Imagimake Play Solutions Private Limited (‘Imagimake’). This investment involves subscribing to Compulsorily Convertible Preference Shares (CCPS) and acquiring equity shares. After the conversion of CCPS and equity share acquisition, Pidilite’s shareholding in Imagimake will not exceed 26.15% on a fully diluted basis.
Increased Stake in Imagimake
Pidilite Industries, through its subsidiary Pidilite Ventures Pvt. Ltd. (PVPL), is set to increase its investment in M/s. Imagimake Play Solutions Private Limited (‘Imagimake’). This strategic move aims to further strengthen Pidilite’s presence in the educational toys and games segment.
Investment Details
The investment will not exceed ₹34 crores. It will involve subscribing to Compulsorily Convertible Preference Shares (CCPS) and acquiring equity shares from existing shareholders of Imagimake. Following the conversion of all CCPS and the acquisition of equity shares, the aggregate shareholding of PVPL in Imagimake is projected not to exceed 26.15% on a fully diluted basis.
Imagimake Overview
Imagimake specializes in the design, manufacturing, and distribution of innovative educational toys, games, and art & hobby products aimed at the holistic development of children. They operate in both the Indian and overseas markets. In the financial year ending March 31, 2025, Imagimake recorded a turnover of ₹90.12 Crores. Turnover for year ending March 31, 2024, was ₹54.64 Crores and for year ending March 31, 2023 was ₹39.58 Crores.
Transaction Timeline
The transaction is expected to be completed by October 17, 2025.
Source: BSE
