Astral has entered into share purchase agreement with the existing promoters and shareholders of the Nexelon Chem (Nexelon) and completed the acquisition of 80% equity shares of Nexelon on November 5, 2025. Post acquisition, the Nexelon has become subsidiary of the company. The acquisition will help in cost optimisation of the company and substantial improvement in the margin.
Earlier in August 2025, the board of directors of the company had approved the proposal for acquisition of 80% equity shares of Nexelon. The board had also approved further investment of up to Rs 120 crore in Nexelon over period of time.
Astral is among the country’s leading manufacturers of plastic pipes used across the industries and is now making strong inroads into the adhesives segment and infrastructure products.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3799.00 |
| Astral | 1625.85 |
| Finolex Inds | 165.10 |
| Nilkamal | 1275.35 |
| Jain Irrigation Sys | 31.99 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: