Astral Poly Technik has entered into Share Purchase Agreement with Yogesh Patel, Existing Joint Venture Partner, pursuant to which the Company has acquired additional 5.60% Equity Stakes in the Joint Venture for Rs. 69.72 lakh thereby has increased its Equity Stakes from 31.90% to 37.50%.
Further, New Joint Venture Partner, Ramco Group, Kenya has entered into the business by acquiring Equity Stakes of 17.10% & 20.40% of Astral Technologies from the existing Joint Venture Partners Yogesh Patel and Lakdawalla Investment respectively aggregating to 37.50% thereby having equal Equity Stake along with Astral Poly Technik. New Joint Venture Partner, Ramco Group, Kenya has been inducted in Astral Technologies to generate greater market demand for PVC and CPVC products of Astral Technologies in East Africa Market.
Astral Poly Technik manufactures plumbing systems for residential and industrial applications. Astral is equipped with state of art production facilities at Ahmadabad and Himachal Pradesh to manufacture plumbing systems from 1/2” to 6” with all kinds of necessary fittings
Company Name | CMP |
---|---|
Supreme Industries | 6050.00 |
Astral | 2270.00 |
Finolex Inds | 331.30 |
EPL | 195.45 |
Jain Irrigation Sys | 76.30 |
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