Nina Waterproofing Systems Private Limited agreed to acquire Percept Waterproofing Services Limited from Pidilite Industries Limited (BSE:500331) and others on August 16, 2017. Under the terms, Nina Waterproofing Systems Private Limited will issue shares in the ratio of 3 equity shares for every 100 equity shares of Percept Waterproofing Services Limited. Post-acquisition, Pidilite Industries Limited will hold 71.53% stake in Nina Waterproofing Systems Private Limited. The deal shall be subject to the terms and conditions mentioned in the scheme and receipt of requisite approvals. The transaction is approved by board of directors of Nina Waterproofing Systems Private Limited and Percept Waterproofing Services Limited. As of February 8, 2019, deal has been approved by NCLT.