SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Astec Lifesciences gets nod for equity investment in proposed SPV

28 Jan 2025 Evaluate

Astec Lifesciences has received approval from Board of Directors for equity investment upto Rs 3.75 crore in a proposed Special Purpose Vehicle (SPV) to be set up with Clean Max Enviro Energy Solutions, for generating solar power under the group captive model envisaged under the Electricity Act, 2003 read with the Electricity Rules, 2005.

The proposed investment is for long-term consumption of renewable power by the Company as the Consumer from a solar captive generating plant through a Special Purpose Vehicle. The Company proposes to subscribe to / invest in 26% equity stake in a proposed Special Purpose Vehicle. The said investment will be completed on or before March 31, 2026. 

The Board of Directors of the Company at its meeting held on January 27, 2025 has approved the same. 

Established in 1994, Astec Lifesciences manufactures a wide range of agrochemicals and pharmaceutical intermediates.

Astec Lifesciences Share Price

707.35 -19.15 (-2.64%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
UPL 656.15
PI Industries 3036.95
Bayer CropScience 4852.90
Sharda Cropchem 1101.50
Sumitomo Chemical 446.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×