Astral Poly Technik has received an approval from its board to acquire 51% equity share capital of Rex Polyextrusion by cash. The company has also received an approval to amalgamate Rex Polyextrusion with itself. The company shall issue its equity shares in exchange of remaining 49% equity shares of Rex Polyextrusion under the Scheme of Amalgamation. The meeting of the Board of Directors of the company held on July 9, 2018, approved the same.
Astral Poly Technik offers products like Astral FlowGuard CPVC, Astral Corzan Aquarius, Astral Aquarius and Astral Underground.
