JSW One Platforms Limited has announced the
acquisition of BuildNext Construction Solutions Private Limited (BuildNext), a
home design and project management company. With this acquisition, JSW One
further enhances its ability to serve Individual Home Builders (IHBs),
contractors, architects, and homeowners through a more integrated digital
offering spanning materials procurement, design, execution, and project
management.
As part of the transaction, Pidilite Ventures Pvt.
Ltd. (PVPL), a wholly-owned subsidiary of Pidilite Industries Limited, will
transfer its shareholding in BuildNext to JSW One through a share-swap
arrangement at a mutually agreed valuation, subject to customary closing conditions.
PVPL will also continue to participate in BuildNext’s growth.